Crypto
Ether ETFs Surpass Bitcoin Inflows as Price Holds Steady
Despite subdued prices, Ether (ETH) exchange-traded funds (ETFs) have seen significant inflows in recent weeks. In the week ended July 24, spot ETH ETFs took in $103.8 million, more than tripling the $33.9 million that flowed into spot Bitcoin funds, according to Farside Investors data.
BlackRock's iShares Ethereum Trust (ETHA) led the charge with $96.3 million in inflows, while its iShares Bitcoin Trust (IBIT), the largest crypto ETF, saw a net outflow of $95.5 million.
The trend is not limited to this week alone; Ether products have out-raised Bitcoin funds for two consecutive weeks, following an eight-week outflow streak that both categories snapped earlier this month.