Ether ETFs Soar as Bitcoin Funds Face Third Consecutive Day of Outflows

U.S. institutional investors are showing a clear preference for ether ETFs over bitcoin funds. On July 27, ether ETFs gained $9.23 million, led by Blackrock's ETHA which added $11.75 million. In contrast, bitcoin ETFs experienced $11.64 million in outflows, marking the third consecutive day of withdrawals.

This trend highlights growing institutional interest in ether and smaller altcoins like Solana and XRP amid cautious sentiment on bitcoin funds. The HYPE ETFs continued to lose capital, dropping $2.89 million.