Ethereum News Today: Crypto Market Shift: Ethereum, Solana Gain as ETFs Attract $2.27 Billion, $73 Million

As the crypto market enters the third quarter of 2025, several technical factors are predicted to drive the prices of Ethereum (ETH) and Solana (SOL). These factors include corporate treasury flows, the rise of spot exchange-traded funds (ETFs), and strategic staking integrations. According to a recent report, the fundamentals of these cryptocurrencies are currently taking a back seat.

Bitcoin still holds a significant portion of the market cap, approximately 63%, but recent investor behavior indicates a shift towards Ethereum and Solana. These two cryptocurrencies are being viewed as undervalued alternatives, offering a mix of narrative potential and tradable liquidity, especially with the introduction of new institutional investment vehicles.

ETF momentum is a significant driver behind this shift. Ethereum ETFs have attracted over $2.27 billion in net inflows in July alone, with daily inflows peaking at $726 million. Solana, traditionally seen as a retail-dominated chain, is also gaining traction. The REX-Osprey Solana + Staking ETF, although not yet SEC-approved, has seen $73 million in early allocations from U.S. institutions. The odds of a spot SOL ETF approval are now pegged at 99%, driven by a favorable shift in the SEC’s ETF evaluation framework.

Corporate treasuries are another new force behind this momentum. As of July 18, more than 825,000 ETH worth approximately $3 billion and 2.95 million SOL worth about $531 million have been acquired by 14 institutional entities. Many of these corporate players are not only holding ETH and SOL but are also staking them to earn yield. This marks a departure from the short-term, speculative nature of past crypto treasury plays and signals a fundamental shift toward long-term allocation strategies. The yield generation potential of both assets, particularly when coupled with the rising media attention around stablecoins and tokenized securities, has made them ideal candidates for corporate balance sheets.

While Ethereum’s tokenomics and real-world asset (RWA) integrations, including recent upgrades like EIP-9698 and EIP-7983, are important, they have yet to materially impact price performance. Instead, technical flows are taking center stage. In May, Ethereum experienced one of its largest short squeezes in over a year, with $897 million in ETH shorts liquidated. This technical unwind triggered a rapid rally, highlighting how market structure rather than development roadmaps now drives performance. Ethereum’s beta to the crypto market has also climbed, hitting 0.92 in July, a sign that ETH now moves almost in lockstep with the general market, reinforcing its use in barbell strategies that balance riskier altcoin exposure.

Solana’s price movement follows a similar logic. While it has gained headlines for memecoin trading dominance, its price action in Q3 is predicted to be increasingly linked to liquidity flows from ETFs and corporate allocations. Ethereum is consolidating its role as an infrastructure layer for tokenized real-world assets, payments, and stablecoins, a theme boosted by the recent passage of the GENIUS Act. Solana, meanwhile, is showcasing real throughput, with over 44% of meaningful blockchain activity. Institutional eyes are now on Solana’s upcoming Alpenglow upgrade, which aims to transform its consensus layer by speeding up finality and cutting validator costs. However, such fundamental changes are unlikely to affect short-term price.