Ethereum ETFs Record Third-Highest Inflow Since Launch, Surpassing US$533 Million

In a significant show of investor confidence, Ethereum spot ETFs in the United States recorded a remarkable US$533.8 million in net inflows on Tuesday (July 22), marking the third-highest daily inflow since these products were launched earlier this year.

According to market data from Coinglass, BlackRock's iShares Ethereum Trust (ETHA) was the largest contributor, attracting a massive US$426.2 million in inflows. Meanwhile, Grayscale’s Ethereum Mini Trust brought in US$72.6 million, and Fidelity’s Ethereum ETF (FETH) added another US$35 million to the total.

In stark contrast, spot Bitcoin ETFs recorded an outflow of US$67.9 million on the same day—highlighting a notable shift in investor sentiment from Bitcoin to Ethereum.

Vincent Liu, Chief Investment Officer at Kronos Research, pointed to a changing tide in the crypto investment landscape. "Bitcoin's dominance appears to be fading, and with a relatively stable macroeconomic environment, Ethereum has the momentum to maintain its current trajectory," Liu explained.

Liu also noted that Ethereum's expanding use cases, such as smart contracts, decentralised finance (DeFi), and NFTs, are becoming more attractive to institutional investors seeking long-term growth potential.

Echoing this sentiment, Nick Ruck, Director of Research at LVRG, said institutional interest in Ethereum is clearly on the rise, as reflected in the strong ETF inflows. “Ethereum is quickly becoming the ‘second chance’ for investors who felt they missed out on Bitcoin’s earlier price surge,” Ruck said.

Ruck also added that the SEC’s greenlighting of multiple Ethereum ETFs earlier this year has helped legitimise Ethereum as a mainstream investment asset. “Now that ETFs are available, institutions are finding it easier to allocate capital to ETH in a regulated, transparent way,” he added.

This influx of funds into Ethereum ETFs is viewed by analysts as a bullish indicator for the asset’s short- to mid-term price performance. Many investors are now speculating that Ethereum could see substantial price appreciation in the coming months—especially if inflow trends continue and the broader crypto market stabilises.

While Bitcoin remains the dominant force in the crypto market in terms of market capitalisation, Ethereum appears to be gaining ground fast—buoyed by growing institutional adoption, technological utility, and investor sentiment shifting in its favour.

As the crypto landscape evolves, the race between Bitcoin and Ethereum will likely intensify, with ETFs now playing a pivotal role in shaping that dynamic.

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