Ethereum News Today: Ethereum ETFs Attract $332M Inflows as Bitcoin Suffers $86M Outflows, Weekly Volume Flips

Ethereum spot ETFs attracted $332 million in inflows on July 23, marking 14 consecutive days of net inflows, while Bitcoin spot ETFs faced $86 million in outflows, signaling a significant shift in institutional capital allocation [1]. This marked Ethereum’s first weekly spot trading volume surge above Bitcoin’s since mid-2024, with Ethereum’s $25.7 billion in weekly volume surpassing Bitcoin’s $24.4 billion [2]. The ETH/BTC volume ratio exceeded 1.0, reflecting a sustained trend of capital reallocation into Ethereum, driven by anticipated staking yield improvements, network upgrades like Pectra, and growing DeFi utility [3].

The inflow momentum coincided with large-scale ETH accumulation. Lookonchain data revealed seven newly created wallets added $1.7 billion in ETH, with one single wallet purchasing 40,591 ETH ($148 million) in a day. Analysts at Nansen noted this activity suggests institutional confidence in Ethereum’s staking economy and infrastructure upgrades, potentially positioning ETH for further dominance in the coming quarters [4].

Bitcoin’s outflows were led by Fidelity’s FBTC, which recorded $227.2 million in redemptions. Analysts attributed the outflows to profit-taking after Bitcoin’s year-to-date gains of 74%, regulatory uncertainties around custody and stablecoins, and strategic rotation toward altcoins. Galaxy’s digital assets strategist acknowledged Bitcoin’s long-term structural strength but highlighted a “healthy rotation” as risk appetite increased, reflecting Ethereum’s growing appeal as a higher-yield asset [5].

The volume flip and inflow trends underscore a broader market repositioning. Ethereum ETFs are now competing directly with Bitcoin ETFs, with CoinShares reporting that Ethereum’s trading volumes had not surpassed Bitcoin’s since mid-2024. The Pectra upgrade, designed to enhance staking scalability, and macro trends like interest rate cuts and tokenization of real-world assets (RWAs) further tilt the balance toward Ethereum’s programmable framework. While Bitcoin’s store-of-value narrative and 2026 halving event remain strong tailwinds, Ethereum appears to be capturing short-term distribution gains [6].

Source:

[1] [Ethereum Spot ETF Inflows Hit $332M as Altcoin Rotation Surges, Flipping Bitcoin Volume] (https://www.cryptoninjas.net/news/ethereum-spot-etf-inflows-hit-332m-as-altcoin-rotation-surges-flipping-bitcoin-volume/)

[2] [Ethereum Spot ETF Inflows Hit $332M as Altcoin Rotation Surges, Flipping Bitcoin Volume] (https://www.cryptoninjas.net/news/ethereum-spot-etf-inflows-hit-332m-as-altcoin-rotation-surges-flipping-bitcoin-volume/)

[3] [Ethereum Spot ETF Inflows Hit $332M as Altcoin Rotation Surges, Flipping Bitcoin Volume] (https://www.cryptoninjas.net/news/ethereum-spot-etf-inflows-hit-332m-as-altcoin-rotation-surges-flipping-bitcoin-volume/)

[4] [Ethereum Spot ETF Inflows Hit $332M as Altcoin Rotation Surges, Flipping Bitcoin Volume] (https://www.cryptoninjas.net/news/ethereum-spot-etf-inflows-hit-332m-as-altcoin-rotation-surges-flipping-bitcoin-volume/)

[5] [Ethereum Spot ETF Inflows Hit $332M as Altcoin Rotation Surges, Flipping Bitcoin Volume] (https://www.cryptoninjas.net/news/ethereum-spot-etf-inflows-hit-332m-as-altcoin-rotation-surges-flipping-bitcoin-volume/)

[6] [Ethereum Spot ETF Inflows Hit $332M as Altcoin Rotation Surges, Flipping Bitcoin Volume] (https://www.cryptoninjas.net/news/ethereum-spot-etf-inflows-hit-332m-as-altcoin-rotation-surges-flipping-bitcoin-volume/)