Bitcoin ETFs Record Third Consecutive Day of Increases as Ethereum Inflows Reach 17-Day Continuation

Investor interest in cryptocurrency exchange-traded funds remained strong on July 28, with spot Bitcoin ETFs attracting $157 million in net inflows, marking the third consecutive day of increases.

BlackRock’s IBIT led the way with $147.36 million, significantly surpassing its competitors and solidifying its position among spot Bitcoin offerings.

Total inflows into US spot Bitcoin ETFs have now reached $54.98 billion, with assets under management rising to $153.19 billion, as reported by SoSoValue.

The funds experienced $3.34 billion in trading volume that day, despite a broader market decline that saw the total cryptocurrency market capitalization decrease by over 5%.

BlackRock’s ETHA Dominates as Ether ETFs Gain Traction

Ethereum ETFs, on the other hand, maintained their impressive performance, attracting $65.14 million in net inflows on July 28, extending their streak to 17 consecutive days.

BlackRock’s ETHA distinguished itself with an inflow of $131.95 million, raising its net assets to $11.22 billion and highlighting increasing institutional confidence in Ethereum-related products.

On July 28, spot Bitcoin ETFs recorded a total net inflow of $157 million, marking the third day in a row of net inflows. The largest contribution came from BlackRock’s ETF, IBIT, which saw a net inflow of $147 million. Spot Ethereum ETFs reported a total net inflow of $65.14… pic.twitter.com/wBGfwLd251

— Wu Blockchain (@WuBlockchain) July 29, 2025

This confidence reflects more than just short-term trading trends. Jamie Elkaleh, chief marketing officer at Bitget Wallet, noted broader structural changes.

“Ethereum’s recent surge—gaining over 60% and outperforming Bitcoin—indicates more than mere short-term momentum,” he stated. “The ETH/BTC ratio has not only surpassed its 200-day average for the first time in over a year but has also formed a daily golden cross, a traditional signal of a sustained trend reversal.”

Corporate Treasuries Shift to Ethereum as Institutional Interest Grows

Jeffrey Hu, head of investment research at HashKey Capital, shared this perspective. “The recent ETH rally has been fueled by several converging factors that indicate a fundamental change in both narrative and institutional adoption,” he remarked. “Most notably, geopolitical and macroeconomic uncertainties no longer obscure the narrative. Increasing regulatory clarity in the US is driving a capital shift into the altcoin market.”

Hu also highlighted what may be the clearest indication of Ethereum’s rising prominence: a growing trend of corporate accumulation. “Wednesday’s record inflow of $726.6 million for spot ETH ETFs is a strong endorsement from traditional finance,” he noted.

“More importantly, we’ve observed a pivot in corporate treasury strategies. SharpLink Gaming has surpassed the Ethereum Foundation to become the largest corporate holder of ether, with 280,706 ETH valued at approximately $840 million.”

According to Hu, this is not an isolated incident. Leading corporate treasuries have acquired at least $1.6 billion worth of ETH in just the past month.

“This represents a market shift from the previous emphasis solely on Bitcoin as a corporate treasury asset,” he explained. What is particularly encouraging, he added, is that these companies are becoming active participants, operating nodes and utilizing Ethereum’s staking yield, which introduces a demand dynamic that has not been seen before.

Bitcoin ETFs Remain Resilient, While Ethereum Surges Ahead in Inflows and Activity

ETH ETFs now manage $21.5 billion in assets, representing 4.7% of Ethereum’s market capitalization. Daily trading volumes across Ethereum ETFs reached $1.91 billion, bolstered by VanEck’s EFUT and Grayscale’s ETHE.

Bitcoin ETFs also remain robust, with IBIT managing $87.19 billion in assets, equivalent to 3.71 percent of Bitcoin’s market cap. Fidelity’s FBTC added $30.8 million on the day, while Ark Invest’s ARKB experienced outflows of $17.45 million.

While Bitcoin remains technically strong above $119,000, the momentum of inflows has clearly shifted toward Ethereum. With increasing clarity, rising staking rewards, and a surge in institutional involvement, Ethereum is increasingly being positioned not merely as an alternative, but as a foundational element of the next cryptocurrency cycle.

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