Ethereum News Today: Ethereum Surpasses Bitcoin in Spot Volume as ETH/BTC Price Ratio Rises 72%

Investors are increasingly reallocating capital from Bitcoin to Ethereum and other altcoins, signaling a notable shift in the cryptocurrency market. Data from July 2025 reveals that Ethereum’s spot trading volume surpassed Bitcoin’s for the first time in nearly a year, reaching $25.7 billion compared to Bitcoin’s $24.4 billion. This milestone marks a sustained rise in the ETH/BTC volume ratio, which climbed above 1 in early July—the highest level since June 2024 [1]. Analysts attribute this trend to a broader rotation of investor interest from Bitcoin to a diversified basket of altcoins, driven by speculative activity and growing institutional adoption of Ethereum-based products [2].

Ethereum’s outperformance is further underscored by a 72% increase in price relative to Bitcoin since April, pushing the ETH/BTC price ratio from 0.018 to 0.031, its highest level since January 2025 [3]. Concurrently, the ETH/BTC ETF Holding Ratio has more than doubled, reflecting a significant shift in fund allocations. Recent months saw the ratio rise from 0.05 to 0.12, indicating that funds are now allocating more capital to Ethereum than to Bitcoin [4]. This trend aligns with historical patterns where institutional activity often mirrors broader market sentiment, suggesting growing confidence in Ethereum’s long-term potential [5].

The altcoin market is also gaining momentum. On July 17, altcoin spot trading volume surged to $67 billion—the highest since March 2025. This surge coincides with reduced sell pressure on Ethereum, as fewer ETH tokens are being moved to exchanges compared to Bitcoin. The ETH/BTC Exchange Inflow Ratio highlights this dynamic, indicating that Ethereum holders are less inclined to sell, which supports price stability and encourages further accumulation [6]. Such behavior reflects heightened investor optimism in Ethereum’s future, a key driver of its recent gains.

While the shift to altcoins appears cyclical, it raises questions about the sustainability of the trend. Ethereum’s technological upgrades and network activity provide a foundational basis for its outperformance, but some analysts caution that the movement could be driven by short-term speculative flows rather than long-term adoption [7]. The role of “whales”—large holders—further complicates the narrative. These entities have been accumulating Ethereum and altcoins at an accelerated pace, a pattern often preceding broader market participation [8].

The implications for the broader market remain uncertain. While Ethereum’s technical advantages and ETF inflows suggest potential for sustained growth, the altcoin market’s vulnerability to regulatory scrutiny and volatility could temper optimism. Investors are advised to monitor on-chain indicators, such as the ETH/BTC volume ratio and Bitcoin dominance metrics, to gauge the trajectory of capital flows. For now, the data paints a clear picture: a maturing market is increasingly allocating resources to alternatives beyond Bitcoin’s shadow [9].

Source:

[1] [Ethereum Surpasses Bitcoin in Spot Volume for First Time](https://www.ainvest.com/news/ethereum-news-today-ethereum-surpasses-bitcoin-spot-volume-time-year-driven-etf-inflows-altcoin-momentum-2507/)

[2] [Ethereum Flips Bitcoin in Spot Volume as Whales Load Up](https://www.tradingview.com/news/cryptonews:723f85a4a094b:0-live-crypto-news-today-latest-updates-for-july-24-2025-ethereum-flips-bitcoin-in-spot-volume-as-whales-load-up-on-eth-amid-altcoin-rotation/)

[3] [Ethereum Spot Volume Surpasses Bitcoin’s as ETH/BTC Ratio Rises](https://www.ainvest.com/news/ethereum-news-today-ethereum-spot-volume-surpasses-bitcoin-eth-btc-ratio-rises-72-altcoin-resurgence-2507/)

[4] [Shift Happens: Signs of Investors Rotating to ETH and Altcoins](https://cryptoquant.com/insights/research/68810317b313d26da55890a6-23-July-2025-Shift-Happens-Signs-of-Investors-Rotating-to-ETH-and-Altcoins)

[5] [Ethereum Flips Bitcoin in Spot Volume as Whales Load Up](https://www.tradingview.com/news/cryptonews:723f85a4a094b:0-live-crypto-news-today-latest-updates-for-july-24-2025-ethereum-flips-bitcoin-in-spot-volume-as-whales-load-up-on-eth-amid-altcoin-rotation/)

[6] [Ethereum Surpasses Bitcoin in Spot Volume for First Time](https://www.ainvest.com/news/ethereum-news-today-ethereum-surpasses-bitcoin-spot-volume-time-year-driven-etf-inflows-altcoin-momentum-2507/)

[7] [Bitcoin Whales Are Potentially Driving an Altcoin Season](https://www.mitrade.com/au/insights/news/live-news/article-3-975527-20250722)

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

[9] [Altcoin Momentum Builds as Bitcoin Stabilises and Binance Dominates Trading Activity](https://www.cointribune.com/en/altcoin-momentum-builds-as-bitcoin-stabilises-and-binance-dominates-trading-activity/)