Ether Leads Crypto ETF Inflows Amid Shift in Risk Appetite

Crypto exchange-traded fund (ETF) investors started the week buying Bitcoin and ether funds aggressively but ended it selling, wiping out most of their gains. From July 20 through July 24, U.S. spot Bitcoin ETFs attracted $33.79 million in net inflows, while ether funds drew $103.90 million, roughly three times the Bitcoin total.

Blackrock's IBIT finished the week with $95.5 million in net outflows, while Grayscale's GBTC lost $83.7 million. In contrast, ARK 21Shares' ARKB led the winners with $78.1 million in inflows, and Grayscale's Bitcoin Mini Trust added $85.8 million.

Ether ETFs posted stronger weekly performance, delivering inflows of $38 million on Monday, $37 million on Tuesday, $73 million on Wednesday, and $26 million on Thursday. Altcoin investors turned selective, with XRP funds attracting $2.49 million on Monday and $5.66 million on Tuesday, ending the week with $8.15 million.

The shift in risk appetite was reflected in a two-part pattern, where early crypto demand gave way to caution as technology earnings revived concerns about artificial intelligence spending and higher oil prices added to inflation and bond-yield risks.