Ethereum ETFs Soar as Bitcoin Funds See Net Outflows
Ethereum ETFs continued to attract institutional capital on July 29, recording 2,000 ETH ($3.8 million) in net inflows.
This marks a significant increase from previous days, with Ethereum ETFs accumulating 20,277 ETH worth $38.49 million over the past seven trading days.
In contrast, Bitcoin ETFs posted 977 BTC ($62.73 million) in net outflows for the day, with weekly net outflows widening to 7,225 BTC ($464.05 million).
The Ethereum Foundation expanded its leadership with a new board appointment, and Ethereum Institutional secured backing from more than 100 ecosystem participants.
Michael Saylor reiterated his long-term conviction that governments can influence but not stop Bitcoin adoption, saying 'Governments can accelerate Bitcoin adoption. Governments can delay Bitcoin adoption. They cannot stop Bitcoin.'