Ethereum ETFs See Strong Inflows

On the Ethereum side, ETHV, CETH, QETH, ETHE (+45.90m), ETH (+22.70m), ETHA (+109.40m), ETHW (+36.60m), FETH (+117.90m) and EZET (+5.50m) recorded a total inflow of +337.70 million dollars. This clearly indicates that institutional and retail interest in Ethereum ETFs remains strong.

Boosted by this momentum, Ethereum price reached a historic milestone last night, hitting a new ATH (all-time high) of $4,880. This record highlights investors’ growing confidence in ETH and the direct impact of ETF inflows on the market.

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Bitcoin ETFs Show a Mixed Picture

The situation looks different for Bitcoin. No inflows were observed for BTCO, BTC, BTCW and BRRR, while GBTC (+6.40m), FBTC (+50.90m), ARKB (+65.70m), BITB (+12.70m), HODL (+26.40m) and EZBC (+13.50m) added up to a total of -23.20 million dollars.

Despite this imbalance, Bitcoin price surged to around $177,000, supported by the overall positive market sentiment. Still, the ETF data shows that investors remain more cautious on the BTC side.

Macro Impact: Powell’s Remarks

During yesterday’s Jackson Hole meeting, Fed Chair Jerome Powell delivered relatively positive remarks that played a major role in fueling the rally. His references to potential “controlled easing steps” boosted demand for risk assets, further supporting momentum in both Ethereum and Bitcoin.

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Consecutive Positive Days for Bitcoin ETFs

Data from the day shows the following movements in Bitcoin ETFs:

• IBIT: +$360.00 million

• FBTC: +$30.50 million

• BTC: +$13.40 million

• GBTC, ARKB, BITB, BTCO, HODL, BRRR, EZBC, BTCW: No inflows recorded

Overall, Bitcoin ETFs attracted a total net inflow of approximately $403.90 million. This steady inflow suggests growing market confidence and an ongoing preference for spot products among investors.

Record Inflows in Ethereum ETFs

Ethereum ETFs witnessed even more remarkable inflows:

• ETHE: +$26.80 million

• ETH: +$38.20 million

• ETHA: +$254.70 million

• ETHW: +$7.80 million

• FETH: +$132.30 million

• QETH: +$1.20 million

• ETHV, EZET, CETH: No inflows recorded

In total, Ethereum ETFs recorded a net inflow of $461.00 million. The substantial $250+ million inflow into ETHA alone highlights strengthened institutional interest in Ethereum-based products.

What This Means for the Markets

The consecutive days of net inflows in both Bitcoin and Ethereum ETFs reflect a short-term bullish sentiment in the market. This trend reinforces the importance of spot ETFs as a trusted gateway for institutional investors looking to gain exposure to these leading cryptocurrencies safely and efficiently.

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This highlights that institutional interest remains largely focused on Bitcoin.

Strong Inflows into Bitcoin ETFs

As of July 2, the most notable inflows were as follows:

• FBTC: +$184 million

• ARKB: +$83 million

• GBTC: +$34.6 million

• BTC: +$16.5 million

• BTCO: +$9.9 million

• EZBC: +$9.5 million

• HODL: +$5.4 million

Total net inflow: $407.8 million

These strong inflows indicate that spot Bitcoin ETFs are regaining investor confidence, with institutional capital flowing back into the market.

Modest Outflows from Ethereum ETFs

On the Ethereum side, the data paints a more cautious picture:

• ETH: +$8.1 million

• ETHW: +$8.3 million

• ETHV: +$2.8 million

• Other ETFs showed zero net movement.

In total, this results in a net outflow of $1.9 million across Ethereum ETFs.

This suggests that interest in Ethereum ETFs has yet to reach desired levels, with investors showing more caution compared to Bitcoin.

Where Is Institutional Interest Focused?

The data reveals a clear trend: growing institutional demand for Bitcoin ETFs, while Ethereum products still struggle to attract significant volume.

Key reasons behind this discrepancy include:

• Bitcoin’s position as the market leader and its clearer regulatory framework

• Institutional investors still favoring Bitcoin-focused strategies over alternatives

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Bitcoin ETFs See Big Movement

The most notable outflow in the Bitcoin ETF market occurred in Grayscale’s GBTC fund, with 729.83 BTC exiting on a daily basis. Bitwise’s BITB ETF also saw an outflow of 535.85 BTC. Meanwhile, BlackRock’s IBIT ETF continued to attract investor interest with an inflow of 791.66 BTC. Overall, Bitcoin ETFs experienced a total outflow of -1.21K BTC.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

• GBTC: -729.83 BTC
• IBIT: +791.66 BTC
• FBTC: -282.48 BTC
• ARKB: -242.47 BTC
• BITB: -535.85 BTC
• BTCW: -63.04 BTC
• Total: -1.21K BTC

This data shows that investors are flocking to BlackRock’s IBIT ETF, but overall, there is a selling pressure in the market.

Ethereum ETFs See Sharp Decline!

In Ethereum ETFs, Bitwise’s ETHW ETF saw an outflow of 2.01K ETH. No other Ethereum ETFs saw any significant inflows or outflows.

• ETHW (Bitwise): -2.01K ETH
• Other ETH ETFs: 0 ETH inflows/outflows
• Total: -2.01K ETH

This outflow highlights the declining investor confidence in Ethereum ETFs, showing lower interest compared to Bitcoin ETFs.

The latest data shows that while Bitcoin ETFs like IBIT are seeing inflows, overall, the market is facing a selling pressure. Meanwhile, Ethereum ETFs are stagnant, with Bitwise’s ETHW ETF’s outflow raising concerns.

Investors are closely monitoring macroeconomic developments in the US and the SEC’s Ethereum spot ETF approval process. How the market will evolve in the coming days remains to be seen!

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