Ethereum ETFs Surge Past Bitcoin as Weekly Inflows Flip

July 28, 2025 – Ethereum spot ETFs pulled in roughly $1.85 billion last week, far surpassing the $72 million that flowed into Bitcoin spot ETFs over the same period. This marks the first time Ethereum ETFs have overtaken their Bitcoin counterparts on a weekly basis, signaling a shift in investor sentiment.

Ethereum’s Big Week

BlackRock’s iShares Ethereum Trust (ETHA) led the charge with more than $1.29 billion in inflows, while Fidelity’s Ethereum ETF (FETH) added another $383 million. Smaller Ethereum funds, including those from Grayscale and Bitwise, rounded out the gains. The surge extended Ethereum ETFs’ streak of consecutive weekly inflows to 11 weeks.

Bitcoin ETFs, meanwhile, managed a modest $72 million in new capital. While they maintained their streak of seven straight weeks of net inflows, last week’s total was the weakest in nearly four months.

Src: The Block

Why Investors Are Favoring Ethereum

Bitcoin dominance has started to slip, falling from recent highs as capital begins rotating into alternative assets. Many investors see this as the early stages of an “altcoin season,” with Ethereum leading the charge. Its role as the foundation for decentralized finance, NFTs, and Layer‑2 scaling solutions continues to attract attention, but the shift in capital flows suggests a broader appetite for diversification beyond Bitcoin.

BlackRock’s ETHA ETF recently crossed $10 billion in assets under management, becoming one of the fastest-growing crypto investment vehicles to reach that milestone.

Market Outlook

Analysts say last week’s numbers highlight a broader trend: Ethereum is stepping out of Bitcoin’s shadow as a long-term institutional play. While Bitcoin remains the leading store of value, Ethereum’s utility and expanding use cases are making it an attractive alternative for large investors.