Blackrock's ETHA ETF drew a hefty $11.75 million, fueling a $9.23 million inflow into ether-focused funds on Monday, July 27. Meanwhile, bitcoin exchange-traded funds faced $11.64 million in outflows, continuing a three-day trend of institutional money moving away from bitcoin.
Bitcoin funds struggled to find fresh capital. Blackrock’s IBIT alone saw $8.82 million pulled out, with Fidelity’s FBTC shedding $2.82 million. No bitcoin ETF managed to attract new investments during the session. Despite this, total bitcoin ETF assets remained substantial at $78.71 billion, with $1.34 billion traded on the day.
On the other hand, ether ETFs painted a different picture. Blackrock’s ETHA was the standout, adding $11.75 million, though Invesco’s QETH saw a $2.52 million withdrawal. The net inflow reflects growing confidence or interest in ether, pushing total ether ETF assets to $10.65 billion with $775.34 million traded.
This rotation highlights a shift in institutional appetite, favoring ethereum and some smaller altcoins over bitcoin for now. Giselle Lai, a Digital Assets Strategist at Fidelity International, emphasizes that bitcoin remains the gateway crypto for many institutions, but ETFs are making it easier for big investors to diversify their holdings thoughtfully rather than just piling into bitcoin.
Alongside ether, altcoins like Solana and XRP also recorded modest gains, while newer ETFs such as HYPE continued to lose capital, raising questions about the stability of their $279.22 million asset base since launch. This dynamic suggests that while ethereum funds gain traction, other altcoin products face a mixed reception.
XRP also showing resilience complements this trend where altcoins are attracting cautious but growing interest compared to bitcoin’s recent outflows.
This article is for informational purposes only and does not constitute financial advice.
