Ether ETFs Add $104 Million as Weekly Flows Triple Bitcoin’s Total

U.S. spot crypto ETFs finished a volatile week with positive net inflows across bitcoin, ether, XRP, and solana products, though late-week selling eroded early gains. From July 20 through July 24, ether ETFs attracted $103.90 million, outpacing bitcoin ETFs which added $33.79 million — roughly one-third of ether’s total. XRP ETFs saw $8.15 million in inflows, and solana products brought in $7.2 million. In contrast, HYPE ETFs recorded $8.61 million in net outflows, marking a second consecutive week of withdrawals.

Bitcoin ETFs started strong with $227 million on Monday, $203 million on Tuesday, and $69 million on Wednesday, extending a previous inflow streak. However, momentum reversed on Thursday with a $225 million outflow, followed by another $240 million on Friday, leaving a weekly total of just under $34 million. Blackrock’s IBIT saw $95.5 million in net outflows, while Grayscale’s GBTC lost $83.7 million. WisdomTree’s BTCW and Franklin Templeton’s EZBC also recorded withdrawals. On the positive side, ARK 21Shares’ ARKB led with $78.1 million in inflows, Grayscale’s Bitcoin Mini Trust added $85.8 million, and Fidelity’s FBTC attracted $35.2 million. Bitcoin’s weekly inflows fell about 55% from the prior week’s $75.67 million, representing only 0.04% of total assets under management.

Ether ETFs posted inflows of $38 million, $37 million, $73 million, and $26 million across Monday through Thursday, suggesting persistent institutional demand. Analysts attribute ether’s appeal to its role in stablecoins, decentralized finance, blockchain settlement, and corporate treasury strategies.

For altcoin ETFs, flows were more selective. XRP funds gathered $2.49 million and $5.66 million in the first two days, ending the week with $8.15 million. Solana ETFs gained $2.64 million and $5.83 million before losing $1.27 million on Wednesday. No further flows followed.

HYPE funds continued to struggle, with outflows of $698,000 on Tuesday, $1.02 million on Thursday, and $6.89 million on Friday.

The week’s pattern reflected a broader shift in risk appetite. Early crypto demand gave way to caution as technology earnings raised concerns about AI spending, while higher oil prices added to inflation and bond-yield risks. Bloomberg ETF analyst Eric Balchunas noted that low-cost ETFs threaten high-margin crypto exchanges, as investors can gain exposure for minimal fees, increasing competitive pressure on native platforms.

Source: https://news.bitcoin.com/ether-etfs-add-104-million-as-weekly-flows-triple-bitcoins-total/