Ethereum ETF Money We Dey Enter $2.12B, Bitcoin ETF Money We Dey Comot $131M
Record institutional demand raise Ethereum ETF inflows to $2.12B last week, with boards like Fidelity’s FETH ($126.9M), BlackRock’s ETHA ($102M), Grayscale’s ETH ($54.9M) and Bitwise’s ETHW ($13.1M) carrying the load. Only 21Shares’ CETH get small $0.4M outflow. Inside 12 days, Ethereum ETF inflows pass $3.53B, better pass Bitcoin ETF inflows. On the other hand, spot Bitcoin ETFs record $131.4M ETF outflows for July 21, led by Ark Invest’s ARKB ($77.5M), Grayscale’s GBTC ($36.7M) and Fidelity’s FBTC ($12.8M). Wider crypto funds see $4.39B inflows, the highest weekly total ever, pushing assets under management to $220B. Altcoins dem too benefit: SOL ($39M), XRP ($36M) and SUI ($9.3M). Traders suppose dey watch Ethereum ETF inflows and Bitcoin ETF outflows as sign for market mood amid strong liquidity.
Bullish
Record Ethereum ETF inflows mean say strong institutional buying pressure dey wey fit push ETH price go higher both short and long term. The steady demand over 12 days and record weekly inflows show say confidence and liquidity dey grow, wey fit support bullish trend. On the other hand, Bitcoin ETF outflows and price dey stable around $117K–$118K fit pressure BTC for short term. But overall, crypto fund inflows increase to $4.39B dey boost market liquidity and fit spread to other assets. For traders, the difference in ETF flows show say Ethereum fit perform pass Bitcoin, supporting bullish view for ETH, while BTC fit face wahala unless inflows return.