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Live ETH/USD Chart

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Ethereum spot ETFs experienced a net inflow of $231 million on July 24, marking the third-highest single-day inflow for the week and extending a 15-day streak of positive flows. As of July 23, this followed a 14-day period of inflows totaling $332 million.

 

They still recorded a net inflow of $227 million to finish a three-day outflow trend, while Bitcoin spot ETFs faced $89 million in outflows on July 24.

Ethereum ETFs have outpaced Bitcoin in inflows for 12 consecutive days, indicating a shift in institutional capital allocation. Analysts attribute this to growing institutional trust in Ethereum, driven by increased transaction volumes and on-chain activity.

On July 24, Ethereum ETFs saw an inflow of $333.87 million, reaching new all-time highs, largely propelled by BlackRock’s product. Since late June, Ethereum ETF inflows have surpassed $4 billion, while Bitcoin’s yearly inflows peaked in mid-July.

Although this is more a price forecast than a confirmed movement, trader Michaël van de Poppe asserts that Ethereum’s price has outstripped Bitcoin by 70% since April lows. This shift reflects broader market dynamics, such as Ethereum’s role in DeFi and upcoming updates that could pull funds away from Bitcoin..