Ethereum ETFs soar past Bitcoin in new flows as institutional focus shifts

Ethereum exchange-traded funds (ETFs) are recording a remarkable surge in investor interest, consistently outperforming their Bitcoin counterparts throughout the past week.

SoSo Value data shows that spot ETH ETFs attracted $231.23 million in new capital on July 24, edging past the $226.61 million net inflows recorded by spot Bitcoin ETFs.

When the timeline is extended to the past six trading days, spot ETH ETFs have received nearly $2.4 billion in net inflows, almost triple the $827.6 million logged by Bitcoin ETFs in the same period.

This trend reflects a broader shift in institutional investor sentiment, with attention moving increasingly toward Ethereum-based products.

Speaking on the milestone, crypto analyst Bec said:

“This is the first time in ETF history that Ethereum has consistently outperformed Bitcoin in daily inflows across multiple trading sessions. It’s clear ETH is officially regarded as a institutional grade asset.”

Ethereum ETFs momentum

The inflow momentum has propelled Ethereum ETF holdings to new record heights.

In July 2025 alone, ETH ETFs have absorbed more than $4.4 billion in inflows, exceeding the total inflows from the entire previous 12-month period, which stood at $4.2 billion.

As a result, the total amount of ETH held by ETFs has jumped by nearly 50% in just two months, rising from 3.5 million ETH on May 1 to 5.6 million ETH as of July 24, according to data from the Strategic ETH Reserve. Their holdings now represent roughly 5% of ETH’s market capitalization.

BlackRock’s iShares Ethereum Trust (ETHA) has played a critical role in this run. Since July 1, ETHA has added over 1 million ETH to its portfolio, growing its holdings to 2.8 million ETH, valued at approximately $10.22 billion.

This rapid accumulation helped ETHA become the third-fastest ETF in history to hit $10 billion in assets under management.

Bloomberg Senior ETF Analyst Eric Balchunas highlighted the speed of ETHA’s growth, noting it went from $5 billion to $10 billion in just 10 days, which is “the ETF equivalent of a God candle.”

Despite the funds’ strong performance, Bitwise CIO Matt Hougan believes Ethereum is still underrepresented in ETF portfolios.

According to Hougan, investors would need to allocate an additional $7–8 billion to bring ETH exposure in line with market weight, assuming Bitcoin ETF flows remain flat.

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