VISI.NEWS | BANDUNG – Cryptocurrency investment products extended their multi-week rally, with total inflows for July reaching $11.2 billion, according to a recent report by CoinShares. Ethereum led the charge last week, outperforming Bitcoin and other altcoins amid rising speculation surrounding the potential launch of spot Ethereum ETFs in the U.S.
CoinShares data revealed that digital asset investment products saw $1.908 billion in inflows in the past week—nearly double the $1.049 billion recorded the week before. Ethereum attracted $1.594 billion of that total, marking its second-largest weekly inflow ever. Year-to-date, ETH inflows have now reached $7.79 billion, surpassing all of 2024’s cumulative figures.
Bitcoin, in contrast, experienced significant outflows totaling $175 million, highlighting a shift in market sentiment. Other altcoins, including Solana and XRP, also saw notable inflows, suggesting a growing appetite for alternatives to Bitcoin.
James Butterfill, Head of Research at CoinShares, suggested the trend reflects more than just general market enthusiasm. “This appears to be driven not by broad altcoin hype, but by expectations surrounding upcoming U.S.-based Ethereum ETF approvals,” he stated.
The increasing focus on Ethereum also aligns with broader institutional movements. Bit Digital recently announced plans to rotate $1 billion into Ethereum, while a former BlackRock executive joined Ethereum-focused firm SharpLink Gaming.
In a statement to BeInCrypto, SideShift.ai CEO Andreas Brekken emphasized that Ethereum’s strong inflows reflect rising institutional confidence. Shawn Young, Head of Research at MEXC, echoed this, noting Ethereum’s growing momentum as it approaches the $4,000 mark, driven by favorable macro conditions and robust demand.
Ethereum ETFs in the U.S. have already attracted over $5 billion in inflows across 16 consecutive trading days. Analysts point to ETH’s role in powering tokenization, stablecoins, and on-chain settlement as key reasons for its growing adoption.
Technically, Ethereum has maintained key support levels and shows relative strength, with analysts predicting a potential breakout to $4,500 if upcoming GDP and FOMC data support risk-on sentiment. However, they also warn that unfavorable macroeconomic signals could push ETH back toward $3,300.
At the time of writing, Ethereum is trading at $3,886, up more than 3% in the past 24 hours, positioning it as a potential leader in the next phase of crypto market expansion. @ffr
