Investors are flocking to Ethereum, leaving Bitcoin in the dust. On Tuesday, July 22, the Ethereum Spot ETFs in the United States recorded $533.9 million in net inflows. This marked the third largest daily influx since their inception, trailing only behind last Wednesday’s $726.7 million and Thursday’s $602 million.
La ruée vers l’ETH continue
To put the magnitude into perspective, while Bitcoin ETFs lost $67.9 million, Ethereum attracted nearly eight times more capital. And the trend seems to be accelerating.
BlackRock leads, Grayscale and Fidelity follow
Unsurprisingly, BlackRock is at the forefront with its iShares Ethereum Trust (ETHA) alone capturing $426.2 million. Grayscale is not far behind with $72.6 million for its Ethereum Mini Trust. Fidelity completes the top three with $35 million.
These numbers confirm a strategic shift: major asset management firms are diversifying their crypto exposure beyond just Bitcoin. For many, Ethereum signifies the new frontier of institutional investment.
Bitcoin on Pause, Ethereum in Full Acceleration
After a first half of the year marked by a blazing rally for Bitcoin, the dynamics appear to be shifting. Ethereum’s momentum is real, supported by the decline in BTC dominance and a relatively stable macroeconomic environment.
As long as these factors hold, Ethereum’s momentum should persist in the medium term.
Vincent Liu, CIO of Kronos Research
A similar outlook comes from Nick Ruck (LVRG Research), who sees a “second chance” for those who missed out on the Bitcoin explosion.
Ethereum Also Attracts Corporate Treasuries
This renewed interest is not limited to funds: companies are also beginning to accumulate ETH. A recent example is The Ether Machine and SharpLink Gaming, which launched an Ethereum treasury strategy in May. This trend could accelerate with the regulatory normalization of digital assets in the United States.
Towards a New Alt Season?
The capital rotation is evident. Bitcoin is retreating, Ethereum is advancing, and behind it… an entire ecosystem is gearing up to follow. And when capital flows from BTC to ETH, it often signals a broader awakening of altcoins.
A new Alt Season? It’s too early to say. But one thing is certain: Ethereum is taking the lead.
