Crypto exchange-traded funds (ETFs) raked in $766 million on Friday, July 18, with ether ETFs once again outpacing their bitcoin counterparts. Fueled by Blackrock’s dominance, ether products continue to gain serious institutional momentum.
Ether ETFs Outshine Bitcoin ETFs for Second Straight Day With $403 Million in Inflows
This article was published more than a month ago. Some information may no longer be current.
WRITTEN BY
SHARE
Blackrock Dominates As Crypto Funds Pull $766M in Daily Inflows
For the second day in a row, ether ETFs outpaced bitcoin ETFs in daily inflows, a feat that highlights growing institutional confidence in ether’s long-term value. A combined $766 million poured into crypto ETFs, with ether funds capturing $402.50 million while bitcoin products brought in $363.45 million.
Out of the $402.50 million inflow into ether ETFs, Blackrock’s ETHA led once more with a huge $394.91 million inflow. Grayscale’s Ether Mini Trust brought in $65.25 million, Bitwise’s ETHW added $13.03 million, and Vaneck’s ETHV chipped in $2.61 million.
Outflows were limited to Fidelity’s FETH (-$45.39 million) and Grayscale’s ETHE (-$27.92 million), but the inflow tide overwhelmed them. Ether ETF trading volume surged to $2.80 billion, and net assets reached a record $18.37 billion.
For bitcoin ETFs, Blackrock’s IBIT continued to be the powerhouse, attracting $496.75 million, single-handedly swallowing a cluster of outflows from other bitcoin ETFs. Only WisdomTree’s BTCW joined the inflow party with a modest $3.11 million.
Meanwhile, Grayscale’s GBTC saw an $81.29 million outflow, followed by ARKB (-$33.61 million), FBTC (-$17.94 million), BITB (-$1.92 million), and HODL (-$1.66 million). Despite this, total bitcoin ETF trading volume hit $4.62 billion, and net assets stood firm at $152.40 billion.
As ether ETFs keep stealing the spotlight from bitcoin, the data shows a broader trend that institutions are no longer looking at crypto as just bitcoin. Ether is earning its seat at the institutional table.
