Ethereum ETFs continue to attract institutional investors, with $332.18 million in net inflows on July 23, marking their fourteenth consecutive day of positive flows. BlackRock’s ETHA saw a single-day net inflow of $324.63 million, contributing to a total of $8.9 billion since launch. On the flip side, Bitcoin spot ETFs experienced net outflows of $85.9 million over three days. Ethereum ETF net assets now stand at $19.6 billion, approximately 4.57% of the asset’s market capitalization, with inflows from major sponsors like Grayscale, Fidelity, VanEck, and Bitwise. Bitcoin ETFs, including BlackRock’s IBIT and Fidelity’s FBTC, garnered a cumulative $54.4 billion in net inflows, but recent sentiment has cooled. Marcin Kazmierczak, co-founder of RedStone, notes growing confidence in Ethereum’s utility beyond a store of value, with over $2.1 billion in weekly inflows and a record $726 million surge on July 16. Bitfinex analysts highlight Ethereum’s unique yield-bearing features and post-upgrade staking, drawing attention from small-cap corporate treasuries. Iliya Kalchev, analyst at Nexo Dispatch, comments on institutional flows and macro cues shaping sentiment, with Ethereum futures accounting for 38% of aggregate open interest, the highest level since April 2023. With institutional appetite rising, Ethereum’s liquidity, yield mechanics, and increasing derivatives footprint are solidifying its position as a major allocation after Bitcoin.

Read more at Yahoo Finance: Why Are Ethereum ETFs Suddenly More Popular Than Bitcoin ETFs?