Bitcoin News Today: Ether ETFs Surge 402.50 Million Inflows Outpacing Bitcoin

Crypto exchange-traded funds (ETFs) experienced significant inflows on Friday, July 18, with ether ETFs continuing to outperform their bitcoin counterparts. The total inflows for the day amounted to $766 million, with ether products capturing a substantial portion of this investment.

For the second consecutive day, ether ETFs led in daily inflows, attracting $402.50 million compared to $363.45 million for bitcoin ETFs. This trend underscores the growing institutional confidence in ether's long-term value and potential. Blackrock's ETHA was the standout performer among ether ETFs, drawing in $394.91 million. Other notable inflows included Grayscale’s Ether Mini Trust with $65.25 million, Bitwise’s ETHW with $13.03 million, and Vaneck’s ETHV with $2.61 million.

Despite some outflows from Fidelity’s FETH (-$45.39 million) and Grayscale’s ETHE (-$27.92 million), the overall inflow into ether ETFs was robust. The trading volume for ether ETFs surged to $2.80 billion, and net assets reached a record $18.37 billion.

In the bitcoin ETF sector, Blackrock’s IBIT remained a dominant force, attracting $496.75 million. This inflow was significant enough to offset outflows from other bitcoin ETFs, including Grayscale’s GBTC (-$81.29 million), ARKB (-$33.61 million), FBTC (-$17.94 million), BITB (-$1.92 million), and HODL (-$1.66 million). WisdomTree’s BTCW was the only other bitcoin ETF to see inflows, adding $3.11 million. The total trading volume for bitcoin ETFs hit $4.62 billion, with net assets standing at $152.40 billion.

The data indicates a broader trend where institutions are increasingly recognizing the value of ether beyond just bitcoin. This shift suggests that ether is gaining traction as a viable investment option within the institutional community, further solidifying its position in the crypto market.