Ethereum News Today: ETH/BTC ratio surges 70% on record Ethereum ETF inflows

Ethereum’s relative strength against Bitcoin has surged sharply, with the ETH/BTC ratio climbing over 70% from its five-year low of 0.018 in April 2025. As of June 23, the ratio rose to approximately 0.031, driven by robust institutional activity and record inflows into Ethereum-focused exchange-traded funds (ETFs). According to data from CryptoRank and CryptoQuant, Ethereum ETFs have attracted $4.4 billion in fresh capital this month, surpassing the $4.2 billion seen during their first 11 months of trading. This influx has outpaced Bitcoin’s ETF performance, with the ETH/BTC ETF Holding Ratio rising from 0.05 to 0.12 in July, indicating a shift in institutional capital allocation [1].

The momentum has translated into tangible market dominance. Ethereum’s weekly spot trading volume hit $25.7 billion, overtaking Bitcoin’s $24.4 billion for the first time, as reported by CryptoQuant. This milestone reflects growing trader preference for Ethereum, fueled by its role in decentralized finance (DeFi), smart contracts, and layer-2 solutions, which offer functionalities beyond Bitcoin’s store-of-value proposition. The ratio’s rebound to levels last seen during the March 2020 market crash highlights renewed confidence in Ethereum’s utility and scalability. Analysts attribute this trend to Ethereum’s active development cycle, including upgrades like EIP-4844, which enhance transaction efficiency and network capacity [2].

The surge underscores a maturing crypto market where altcoins are increasingly viewed as core portfolio components rather than speculative assets. Ethereum’s weekly volume dominance and ETF inflows suggest investors are prioritizing its utility-driven use cases, such as staking and decentralized applications (dApps), over Bitcoin’s inflation-hedge narrative. Meanwhile, Bitcoin ETFs have faced outflows, contrasting with Ethereum’s $1 billion net inflow during its anniversary week [4]. This divergence reflects a broader reallocation of capital toward assets with dynamic ecosystems and technical advancements.

However, the rapid ascent of the ETH/BTC ratio raises questions about sustainability. Bitcoin’s four-year price cycle appears to be losing momentum, complicating its long-term dominance. While Ethereum’s network activity—measured by open interest and order-book liquidity—has grown by 41% since April, Bitcoin’s position as the largest cryptocurrency by market capitalization remains unchallenged. Regulatory uncertainties, including the U.S. Federal Reserve’s rate decisions, could also influence market dynamics [6].

The ETH/BTC ratio serves as a critical barometer of shifting investor sentiment. Its 70% increase from April’s low signals a structural realignment in capital flows, driven by Ethereum’s ecosystem upgrades and institutional adoption. Yet, the crypto market’s volatility and macroeconomic headwinds mean this trend could face reversals. Ethereum’s ability to maintain its trajectory will depend on continued innovation and execution within its network, while Bitcoin’s resilience as a hedge against fiat depreciation will shape long-term competition between the two digital assets.

Source:

[1] Reddit, [https://www.reddit.com/r/CryptoCurrency/comments/1m8g8kw/ethbtc_ratio_jumps_70_from_april_low_as_ethereum/](https://www.reddit.com/r/CryptoCurrency/comments/1m8g8kw/ethbtc_ratio_jumps_70_from_april_low_as_ethereum/)

[2] CryptoSlate, [https://cryptoslate.com/insights/bitcoin-liquidation-cascade-wipes-out-646-million-in-24-hours/](https://cryptoslate.com/insights/bitcoin-liquidation-cascade-wipes-out-646-million-in-24-hours/)

[4] CryptoSlate, [https://cryptoslate.com/](https://cryptoslate.com/)

[5] CryptoSlate, [https://cryptoslate.com/](https://cryptoslate.com/)

[6] CryptoSlate, [https://cryptoslate.com/](https://cryptoslate.com/)