Spot ether exchange-traded funds pulled in $103.8 million in the week ended July 24, roughly triple the $33.9 million that flowed into spot bitcoin funds during the same period. It's the second consecutive week that ether ETFs have outperformed their bitcoin counterparts, according to data from Farside Investors.
The numbers
The $103.8 million inflow into ether ETFs marks a significant gap over bitcoin ETFs. The previous week also saw ether funds leading, though the margin was smaller. This week's data shows a clear acceleration in investor appetite for ether exposure through regulated fund vehicles.
Since their launch in July 2023, spot ether ETFs have generally lagged bitcoin ETFs in inflows. Bitcoin funds have dominated the market, often pulling in multiples of what ether funds attracted. This two-week reversal suggests a shift in sentiment, though the reasons aren't immediately clear from the data alone.
The data source
The figures come from Farside Investors, a firm that tracks ETF flows. The data covers all U.S.-listed spot ether and bitcoin ETFs. The week ended July 24 includes five trading days.
The next week's data will show whether ether ETFs can extend their lead.
