Ethereum ETFs Outshine Bitcoin Counterparts in July

July marked a turning point for Bitcoin spot ETFs after two consecutive months of significant losses. In May, they lost $2.43 billion, and in June, investors pulled out nearly $4.5 billion, resulting in net outflows of nearly $7 billion.

The trend changed in July with net inflows of almost $200 million during the first full week, followed by $76 million and then a more modest $34 million in the second and third weeks, respectively.

However, the last week in July saw investors pulling out $61.53 million, with Friday being the most painful day at over $265 million. Despite this, the month ended with a net inflow of $172.42 million.

Ethereum ETFs, on the other hand, enjoyed a more significant influx of capital, attracting over 2x more fresh money than their Bitcoin counterparts in July. The Ethereum ETFs saw net inflows of $365.17 million, closing all four full weeks in the green.