Ethereum ETFs Surge Past $100 Million Inflows Amid Crypto Market Shift

Wall Street money is flowing into Ethereum ETFs, but some smaller altcoin funds are also seeing growth. According to SoSoValue data, Ethereum ETFs pulled in $103.9 million in the week ending July 24, their third straight positive week and the largest inflow of any spot crypto ETF.

Other major spot crypto ETFs drew fresh cash over the same five trading days, but mostly small amounts. In contrast, Bitcoin ETFs saw a shrinking figure, dropping from $197 million to $75.6 million to $33.79 million in the past three weeks.

Ethereum's inflows have been steady, with weekly figures of $84 million, $105 million, and $103.9 million across the past three weeks. Bitcoin ETFs, on the other hand, logged two negative daily prints, losing $225 million on July 23 and $240 million on July 24.

Smaller altcoin funds each posted their own gains, with XRP leading the group at $8 million in inflows, its largest in three weeks. Solana drew $7 million, a nine-week high, while Chainlink took in $3 million, its best week since June.