Ethereum ETFs saw an inflow of $218.64 million, marking the 18th consecutive day of positive net inflows. The largest contribution came from BlackRock’s ETHA ETF, which received $223.73 million in a single day. ETHA’s total assets under management rose to $11.39 billion. 

Currently, total spot Ethereum ETFs have reached a net asset size of $21.61 billion. Daily trading volume stands at $1.58 billion. 

On the same day, spot Bitcoin ETFs also experienced a net inflow of $79.97 million, closing positive for the fourth consecutive day. BlackRock’s IBIT ETF was again the standout product of the day. Continued institutional inflows support price stability on the Bitcoin side as well. 

During the same period, notable activity was observed in the Bitcoin spot ETF options market. As of July 28, the daily net open interest (delta) exceeded $215 million. Total nominal open interest reached $24.67 billion, while the call/put ratio remained at 1.96. Meanwhile, on July 29, total trading volume was $927 million, with BlackRock’s IBIT options dominating nearly the entire volume at $918 million. These figures reveal that institutional interest in Bitcoin ETFs is not limited to the spot market. 

Supply-Demand Risk Increasing for Ethereum 

Bitwise CIO Matt Hougan highlighted the growing interest in staking and tokenization use cases. According to him, this demand is boosting interest in Ethereum ETFs. Hougan predicts that next year, $20 billion worth of ETH demand could arise through ETFs and institutions. 

However, Ethereum’s annual issuance is limited to only 800,000 ETH. This means demand could exceed supply by approximately seven times. The potential supply squeeze may exert upward pressure on Ethereum prices. 

Institutional investor interest in both Ethereum and Bitcoin ETFs has surged rapidly in recent days. This trend could signal the start of a new institutional cycle in crypto assets.

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In global markets, Bitcoin and gold prices are climbing due to investors’ expectations surrounding the Fed’s interest rate decision. Gold rose 0.7% on Tuesday, reaching $3,357, while Bitcoin trades around $97,500. Conflicts in the Middle East, Trump-era trade tariffs, and energy price fluctuations are driving this trend. Experts predict the rally may continue. However, market uncertainty keeps investors cautious. 

How Will the Fed Decision Shape Markets?

The Fed plans to maintain interest rates at the 4.25%-4.50% range. Still, Jerome Powell’s statements will be pivotal for markets. Analysts say if Powell signals a June rate cut, Bitcoin could surpass $100,000. In contrast, a hawkish stance might trigger price declines. Investors are closely monitoring Powell’s speech. 

“This meeting is going to be strange. The Fed has no estimate to communicate about the next few meetings. The Fed needs to wait for two things: to see the policy actually go into effect. But then, when it does, it has to see how inflation expectations react. So the Fed needs to delay and then slow down.”

READ:Ethereum Pectra Upgrade Goes Live Today!

Global Tensions Bolster Safe-Haven Demand

Conflicts in the Middle East and global trade wars are pushing investors toward Bitcoin and gold. BitMEX founder Arthur Hayes argues that rising energy prices will boost Bitcoin demand. Additionally, gold remains a reliable asset during inflation and economic uncertainty. As a result, cautious optimism prevails in markets. Investors are diversifying portfolios to mitigate risks. 

Bitcoin and gold prices continue to rise amid the Fed’s interest rate decision and global uncertainties. Investors are focused on Powell’s upcoming statements. While technical indicators signal weaknesses in the crypto market, on-chain metrics and declining exchange reserves suggest a potential supply squeeze. 

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