Bitcoin and Ethereum ETFs showed divergent trends in July, with Ethereum funds attracting significantly more capital and recording their strongest monthly performance in a year.
Bitcoin ETFs, which had suffered net outflows of $2.43 billion in May and $4.5 billion in June, saw modest net inflows of $172.42 million in July. This followed inflows of $3 billion in the preceding months of March and April. In contrast, Ethereum ETFs, which had lost $541 million in May and $529 million in June, recorded net inflows of $365.17 million in July. The funds closed all four full weeks of the month in positive territory, except for one day in the final week.
Ethereum’s price reportedly rose by 20% in July, marking its best monthly performance since early 2023. This surge followed a challenging period for both asset classes, with Bitcoin and Ethereum ETFs collectively losing over $7 billion in the two prior months. The inflows into Ethereum ETFs in July were more than twice those of Bitcoin ETFs, reflecting a shift in investor sentiment toward altcoins.
The performance highlights the uneven recovery of crypto assets amid broader market uncertainty. While Bitcoin ETFs remain a focal point for institutional investors, Ethereum’s stronger showing in July suggests growing interest in its ecosystem, though the exact drivers of its price increase remain unclear.
Written by Oliver Grant
Markets Desk
