Bitcoin ETFs See Third Consecutive Day of Gains as Ethereum Inflows Hit 17-Day Streak

Investor appetite for crypto exchange-traded funds (ETFs) showed no signs of cooling on July 28, with spot Bitcoin ETFs pulling in $157 million in net inflows, marking the third straight day of gains. BlackRock’s IBIT led the charge with $147.36 million, significantly outpacing its peers and reinforcing its lead among spot Bitcoin products. Cumulative inflows into US spot Bitcoin ETFs have now reached $54.98 billion, with assets under management climbing to $153.19 billion, according to data from SoSoValue. The funds saw $3.34 billion in trading volume that day, despite a wider market pullback that left the total crypto market cap down over 5%.

BlackRock’s ETHA Leads as Ethereum ETFs Surge in Popularity

Ethereum ETFs continued their remarkable streak, drawing $65.14 million in net inflows on July 28, extending their run to 17 consecutive days. BlackRock’s ETHA stood out with a $131.95 million inflow, lifting its net assets to $11.22 billion and underscoring growing institutional confidence in Ethereum-based products.

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

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Jamie Elkaleh, chief marketing officer at Bitget Wallet, highlighted broader structural changes behind Ethereum’s recent breakout, which surged over 60% and outperformed Bitcoin. “The ETH/BTC ratio has not only broken above its 200-day average for the first time in over a year, but also formed a daily golden cross, a classic signal of sustained trend reversal,” he said.

Corporate Treasuries Pivot to Ethereum as Institutional Demand Grows

Jeffrey Hu, head of investment research at HashKey Capital, noted a fundamental shift in narrative and institutional adoption driving the ETH rally. “Geopolitical and macroeconomic FUD no longer clouds the narrative. Increasing regulatory clarity in the US is fueling a capital rotation into the altcoin market,” he said. Hu pointed to a record $726.6 million inflow day for spot ETH ETFs on Wednesday as a strong vote of confidence from traditional finance. More notably, SharpLink Gaming overtook the Ethereum Foundation to become the largest corporate holder of ether, holding 280,706 ETH worth approximately $840 million. This is not an isolated event. Top corporate treasuries have purchased at least $1.6 billion worth of ETH in the past month alone. Hu emphasized that these companies are becoming active participants by running nodes and leveraging Ethereum’s staking yield, introducing a structural demand dynamic not previously seen.

Bitcoin ETFs Stay Strong, Yet Ethereum Pulls Ahead in Inflows and Activity

Ethereum ETFs now manage $21.5 billion in assets, accounting for 4.7% of Ethereum’s market cap. Daily trading volumes across Ethereum ETFs totaled $1.91 billion, supported by VanEck’s EFUT and Grayscale’s ETHE. Bitcoin ETFs remain robust, with IBIT holding $87.19 billion in assets, equivalent to 3.71% of Bitcoin’s market cap. Fidelity’s FBTC added $30.8 million on the day, while Ark Invest’s ARKB saw outflows of $17.45 million. While Bitcoin remains technically strong above $119,000, the inflow momentum has clearly tilted toward Ethereum. With growing regulatory clarity, rising staking rewards, and a surge in institutional participation, Ethereum is increasingly positioned not just as an alternative but as a foundational layer of the next crypto cycle.

Frequently Asked Questions

ETF Inflows and Performance

Q: What are the latest trends in Bitcoin and Ethereum ETF inflows? A: On July 28, spot Bitcoin ETFs saw $157 million in net inflows, marking their third consecutive day of gains. Ethereum ETFs extended their streak to 17 consecutive days with $65.14 million in net inflows. Q: Which Bitcoin ETF received the largest inflow? A: BlackRock's IBIT led the Bitcoin ETF inflows on July 28, with $147.36 million. Q: What is the total cumulative inflow for US spot Bitcoin ETFs? A: As of July 28, cumulative inflows into US spot Bitcoin ETFs reached $54.98 billion. Q: How much do Ethereum ETFs manage in assets? A: Ethereum ETFs now manage $21.5 billion in assets.

Institutional Adoption and Market Dynamics

Q: What is driving the increased institutional demand for Ethereum ETFs? A: Increased regulatory clarity in the US, along with broader structural changes and a positive ETH/BTC ratio trend, are contributing to the rally and institutional confidence in Ethereum. Q: Which corporation has become a major holder of Ethereum? A: SharpLink Gaming has become the largest corporate holder of ether, acquiring a significant amount of ETH. Q: How much have corporate treasuries invested in Ethereum recently? A: Top corporate treasuries have purchased at least $1.6 billion worth of ETH in the past month. Q: What is the significance of corporate treasuries running nodes and staking Ethereum? A: This indicates active participation and a structural demand dynamic for Ethereum, as companies leverage staking yields.

Market Performance

Q: How did the broader crypto market perform on July 28? A: Despite the ETF inflows, the total crypto market cap was down over 5% on July 28, indicating a wider market pullback. Q: How does Ethereum's performance compare to Bitcoin's recently? A: Ethereum has recently outperformed Bitcoin, with its price surging over 60%, driven by positive market signals and institutional interest.

Crypto Market AI's Take

The recent surge in inflows for both Bitcoin and Ethereum ETFs, particularly the sustained 17-day streak for Ethereum ETFs, highlights a significant shift in institutional sentiment. While Bitcoin ETFs continue to attract substantial capital, indicating ongoing trust in digital gold, Ethereum's performance and the increased corporate treasury involvement suggest a growing recognition of its utility beyond just a store of value. The narrative surrounding Ethereum is evolving, with factors like regulatory clarity and staking yields playing a crucial role in its appeal. For investors navigating this dynamic market, understanding the underlying drivers of these inflows and staying informed about regulatory developments is key. At Crypto Market AI, we leverage advanced AI agents and data analytics to provide in-depth market intelligence, helping users identify trends and make informed decisions. Explore our AI Crypto Market Platform for real-time data and analysis.

Bitcoin ETFs Log 3rd Day of Gains, ETH Inflows Hit 17-Day Streak