Ethereum ETF Inflows Boost ETH Dominance to 14%
Heavy spot Ethereum ETF inflows and robust leveraged flows have driven Ethereum dominance (ETH.D) from around 8% in May to 14% today. Spot ETH ETPs captured roughly $2.9 billion of last week’s $3.75 billion total crypto inflows, while weekly ETF trading volume neared $17 billion within a $40 billion BTC+ETH ETF cycle. On the derivatives side, ETH open interest reached about $65 billion, with leveraged flows pulling nearly $10 billion in early-month trading, compared to $1 billion for Bitcoin. The ETH/BTC ratio has climbed more than 70% since May, reflecting a clear capital rotation toward Ethereum. Traders should monitor weekly ETP inflows, ETH open interest and funding rates, and ETH/BTC momentum for confirmation. Sustained Ethereum ETF inflows and rising derivatives activity underpin a bullish outlook for ETH into 2025.
Bullish
The surge in Ethereum ETF inflows and record derivatives open interest signals robust institutional and speculative demand for ETH. Historically, similar Bitcoin ETF approval events have led to sustained price rallies as institutional capital rotates into newly accessible instruments. The current $2.9 billion weekly ETH ETP inflows—driving ETH.D to 14%—combined with $65 billion in open interest and $10 billion in leveraged flows, underscore a strong capital shift toward Ethereum. Traders can expect continued upward pressure on ETH prices if ETF-led inflows persist and derivatives activity remains elevated. Short-term volatility, including pullbacks, may occur, but the underlying rotation into ETH suggests a bullish medium- to long-term outlook, positioning ETH as the primary beneficiary in the 2025 market cycle.