Ethereum ETF Attracts $580 Million as Bitcoin Maintains 12-Day Inflow Streak

Institutional interest in cryptocurrencies, particularly Bitcoin (BTC) and Ethereum (ETH), continues to surge with significant inflows into spot exchange-traded funds (ETFs) over the recent trading week, spanning July 14–18. During this timeframe, combined net inflows into Bitcoin and Ethereum ETFs reached an impressive $3.4 billion—equivalent to 4.52 trillion won—underscoring the growing appetite for these digital assets among institutional investors. This heightened demand has propelled Bitcoin to $119,500 and Ethereum to $3,800, bringing them closer to their year-to-date highs.

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Institutional Investors Fuel Ethereum Spot ETF Buying Frenzy

Fresh data from Farsight Investors as of July 18 reveals that Ethereum ETFs have experienced remarkable buying momentum, achieving a net inflow of $402.5 million (approximately 580.1 billion won) in just one day. This marks the second consecutive day of inflows exceeding $400 million, highlighting intense institutional activity around ETH ETFs.

The standout performer in this segment has been BlackRock's Ethereum spot ETF, ETHA, which recorded a staggering inflow of $394.9 million (approximately 569 billion won), commanding the lion's share of investor interest in Ethereum. Notably, ETHA has consistently attracted fresh capital since July 2, hitting new all-time highs in fund size for the second day straight.

Other ETFs also recorded positive inflows during the same period. Bitwise’s ETHW added $13 million, 21Shares’ CETH saw $2.6 million, and Grayscale’s ETH fund enjoyed a net inflow of $65.3 million. However, Fidelity’s FETH wasn’t as fortunate, posting an outflow of approximately $45.4 million, likely due to portfolio rebalancing activities among investors.

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Bitcoin Spot ETFs Extend Historic 12-Day Inflow Streak

Bitcoin spot ETFs have also shown relentless momentum, achieving consistent net inflows for the 12th consecutive trading session. On July 18 alone, Bitcoin ETFs attracted $363.5 million (approximately 523.9 billion won) in fresh investments. While slightly lower than the previous day’s inflow of $522.6 million, the trend underscores sustained institutional confidence in Bitcoin ETFs.

Driving this bullish activity was BlackRock’s IBIT, which accounted for $496.9 million (approximately 715.7 billion won)—the largest inflow among all Bitcoin spot ETFs. Despite this substantial growth, some funds faced profit-taking and cautious risk mitigation actions. Notable outflows included Fidelity’s FBTC (-$17.9 million), ARK Invest’s ARKB (-$33.6 million), and Grayscale’s GBTC (-$81.3 million), reflecting an adjustment in institutional portfolios.

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Crypto Market Sentiment Shows Strong "Greed"

The Alternative Crypto Fear & Greed Index—a widely recognized benchmark for investor sentiment—registered at 72, signaling that the market is firmly within the "Greed" territory. This metric highlights the prevailing risk-on sentiment among institutional investors as they flock to cryptocurrency ETFs amid broader strength in the market.

The sustained momentum in inflows to Bitcoin and Ethereum ETFs positions the digital asset market for potentially significant developments in the near term. With prices of BTC and ETH testing critical resistance levels and institutional interest hitting new highs, the cryptomarket may be approaching a pivotal inflection point for 2023.

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Optimizing Performance for Crypto Investors

The increasing inflows into Bitcoin and Ethereum ETFs highlight their rising appeal as viable investment vehicles for institutional players, fueled by global trends like inflation hedging and diversification. BlackRock's dominance in both BTC and ETH spot ETF inflows further reinforces its position as a leader in the crypto investment space, encouraging other institutional-grade asset managers to explore opportunities in the digital currency spectrum.

As the Fear & Greed Index shows sustained bullish sentiment, and inflows remain robust against the backdrop of profit-taking activity, cryptocurrency ETFs are solidifying their role in mainstream investment portfolios. Whether you’re an institutional investor or a retail trader, these developments indicate a positive trajectory for Bitcoin, Ethereum, and the broader crypto market, marking an era of unprecedented institutional participation.

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By analyzing these dynamics, investors can better understand the shifting landscape of cryptocurrency investments and position themselves to capitalize on emerging opportunities within BTC and ETH markets.