Bitcoin News Today: Ether ETFs See Record $2.18 Billion Weekly Inflow

Crypto exchange-traded funds (ETFs) experienced a remarkable week with ether funds achieving an unprecedented weekly inflow of $2.18 billion. This surge not only marks the highest ever recorded for ether-based funds but also signifies a tenth consecutive week of inflows, indicating a growing institutional interest in ETH exposure.

Bitcoin ETFs also performed strongly, securing $2.39 billion in net inflows, extending their streak of positive weeks to six. The most notable day was Wednesday, July 16, which saw $726.74 million flow into ether ETFs and $799.40 million into bitcoin ETFs, making it the most significant single day for both products this year.

The net weekly inflows for ether ETFs were as follows: ETHA (Blackrock) led with $1.76 billion, followed by Ether Mini Trust (Grayscale) with $201.71 million, FETH (Fidelity) with $128.77 million, ETHW (Bitwise) with $43.09 million, ETHV (Vaneck) with $12.88 million, EZET (Franklin) with $10.79 million, ETHE (Grayscale) with $14.05 million, CETH (21Shares) with $3.78 million, and QETH (Invesco) with $3.72 million.

Bitcoin ETFs also saw substantial inflows, with Blackrock’s IBIT dominating the leaderboard with $2.57 billion in net inflows. Other notable inflows included Bitcoin Mini Trust (Grayscale) with $41.86 million, HODL (Vaneck) with $30.87 million, BITB (Bitwise) with $17.95 million, BTCO (Invesco) with $7.12 million, EZBC (Franklin) with $6.76 million, and BTCW (Wisdomtree) with $3.11 million.

However, not all ETFs experienced positive inflows. GBTC (Grayscale) saw an outflow of $122.50 million, ARKB (Ark 21shares) registered an outflow of $119.57 million, and FBTC (Fidelity) logged an outflow of $48.76 million.

With over $4.57 billion flowing into crypto ETFs this week, the data underscores the accelerating institutional conviction in both bitcoin and ethereum. Ether’s rise is no longer overshadowed by bitcoin, as evidenced by the significant inflows into ether-based funds. This trend suggests a maturing market where both cryptocurrencies are gaining traction among institutional investors.