Ethereum News Today: Ethereum Surges 56% in July Outpacing Bitcoin in ETF Inflows

Ethereum's price surged by 56% in July 2025, marking its strongest monthly performance since July 2022. By the end of the month, the token had climbed from around $2,468 on July 1 to approximately $3,862 on July 22. This rapid appreciation has drawn comparisons to the high-flying tech stocks of the 1990s, with Bloomberg Intelligence ETF analyst Eric Balchunas noting that Ethereum is starting to resemble an early internet platform in terms of its growth trajectory and adoption dynamics [1].

The price rally coincided with a record influx of capital into Ethereum-based exchange-traded funds (ETFs). U.S. spot-ETH ETFs recorded 19 consecutive days of net inflows, amassing $5.37 billion in July. The largest single-day inflow occurred on July 16, when nearly $727 million flowed into ETH ETFs. BlackRock’s iShares Ethereum ETF (ETHA) saw its assets grow from $5 billion to $10 billion in just ten trading days, a performance Balchunas described as “the ETF equivalent of a God candle” [1].

Ethereum ETF inflows outpaced those of Bitcoin ETFs for six consecutive days in July, with data from Farside Investors showing that Ethereum funds attracted $231.2 million on July 24, compared to $226.6 million for Bitcoin. Over the preceding six days, Ethereum ETFs gathered nearly $2.4 billion, more than triple Bitcoin’s $827.6 million [1]. This marks a historic shift in institutional interest, with Ethereum products now capturing more attention than Bitcoin in the ETF space.

Analysts have attributed the surge to Ethereum’s accelerating adoption and the rapid growth of decentralized finance (DeFi) applications. Bitwise Chief Investment Officer Matt Hougan pointed out that Ethereum remains underweight in ETF portfolios and could see an additional $7–8 billion in inflows to align with its market capitalization [1]. However, on-chain metrics have not kept pace with the price surge. Chain activity increased by only 5% in July compared to June, and total protocol fees rose by about 3%. At a market cap of $466 billion, Ethereum’s annualized blockchain revenue is estimated at just $764 million, suggesting that the price increase is driven more by speculative demand than fundamental throughput [1].

While Ethereum’s rally has overshadowed Bitcoin’s more modest 10–12% gain in July, the latter still holds the top spot in the crypto market with a capitalization of around $2.2 trillion. The broader crypto market also saw gains, with several altcoins closely following Ethereum’s trajectory. However, Bitcoin remains the dominant market bellwether.

The market’s bullish sentiment is reinforced by the fact that over 94% of Ethereum holders are in profit as of late July. Yet, nearly 28% of the supply is now staked and locked up, which could further tighten liquidity. Analysts caution that while the narrative around Ethereum mirrors the explosive growth of 1990s tech stocks, history also shows that such rapid gains often lead to corrections. The analogy serves as both an inspiration and a warning for investors navigating this volatile market [1].

Sources:

[1] What to Expect After Ethereum Price Rocketing “Like a ’90s Tech Stock” in July – [https://www.thecoinrepublic.com/2025/07/31/what-to-expect-after-ethereum-price-rocketing-like-a-90s-tech-stock-in-july/](https://www.thecoinrepublic.com/2025/07/31/what-to-expect-after-ethereum-price-rocketing-like-a-90s-tech-stock-in-july/)