Ethereum News Today: Bitcoin ETFs Extend 3-Day Streak; Ethereum Inflows Hit 17-Day High on Institutional Adoption

Bitcoin ETFs extended their winning streak on July 28, logging a third consecutive day of net inflows as institutional demand for crypto assets remained robust. U.S. spot Bitcoin ETFs pulled in $157 million, led by BlackRock’s IBIT, which captured $147.36 million—outpacing peers and reinforcing its dominance in the Bitcoin ETF market. Cumulative inflows into the category now total $54.98 billion, with assets under management (AUM) reaching $153.19 billion, according to SoSoValue. Despite a broader crypto market pullback—where the total market cap fell over 5%—the funds generated $3.34 billion in trading volume, underscoring resilience amid volatility [1].

Ethereum ETFs, meanwhile, achieved a historic 17-day inflow streak, drawing $65.14 million on July 28. BlackRock’s ETHA was the standout performer, securing $131.95 million in net inflows and boosting its AUM to $11.22 billion. The surge reflects growing institutional confidence, with Ethereum ETFs now managing $21.5 billion in assets—4.7% of the asset’s market cap. Daily trading volumes across Ethereum ETFs hit $1.91 billion, supported by products like VanEck’s EFUT and Grayscale’s ETHE [1].

Analysts pointed to structural shifts in the market. Jamie Elkaleh, chief marketing officer at Bitget Wallet, highlighted Ethereum’s technical momentum, noting the ETH/BTC ratio had broken above its 200-day average for the first time in over a year and formed a “daily golden cross,” a classic signal of sustained trend reversal. Jeffrey Hu of HashKey Capital added that Ethereum’s recent rally was driven by converging factors, including reduced macroeconomic fears and U.S. regulatory clarity, which have spurred a “capital rotation into altcoins.”

Hu emphasized institutional adoption as a key driver, citing a corporate treasury pivot to Ethereum. SharpLink Gaming surpassed the Ethereum Foundation to become the largest corporate holder of ether, controlling 280,706 ETH ($840 million). He noted that top treasuries had accumulated $1.6 billion in ETH in the past month, with companies now actively staking the asset to generate yield—a structural demand shift absent in Bitcoin’s ecosystem. “This marks a departure from the previous focus on Bitcoin as the sole corporate treasury asset,” Hu said [1].

Bitcoin ETFs retained strength, with BlackRock’s IBIT holding $87.19 billion in AUM (3.71% of Bitcoin’s market cap). Fidelity’s FBTC added $30.8 million in inflows, while Ark Invest’s ARKB saw $17.45 million in outflows. However, Ethereum’s inflow momentum and activity outpaced Bitcoin, driven by rising staking rewards and regulatory clarity. The data suggests a market transition where Ethereum is increasingly viewed as a foundational asset in the next crypto cycle, alongside Bitcoin’s continued dominance [1].

The performance highlights a broader narrative of institutional validation for crypto assets. With both Bitcoin and Ethereum ETFs attracting sustained capital inflows, the sector’s maturation is evident in growing participation from traditional finance. Yet Ethereum’s recent outperformance—surpassing Bitcoin in trading volumes and inflow trends—underscores its role as a catalyst for the next phase of adoption [1].

Source: [1] Bitcoin ETFs Log Third Day of Gains as Ethereum Inflows Hit 17-Day Streak (https://cryptonews.com/news/spot-bitcoin-etfs-log-third-day-gains-eth-inflows-hit-17-day-streak/)