U.S. spot cryptocurrency exchange-traded funds continued to attract heavy demand in July, pushing Bitcoin ETF cumulative net inflows past $50 billion in fewer than 500 trading days and driving Ethereum products to their strongest month on record. Bitcoin funds drew about $2.72 billion in the week ended July 11 and another $2.39 billion between July 14 and 18, helped by single-day allocations such as the $1.18 billion added on July 10. The asset class reached the $50 billion mark in a fraction of the time it took gold ETFs—roughly 3,800 trading days—to clear the same threshold. Investor appetite for Ethereum has intensified even faster. Spot Ether ETFs posted a record $2.18 billion of net subscriptions during the week ended July 18 and have booked 18 consecutive days of inflows, lifting July’s tally to $5.4 billion. Daily additions included $726.6 million on July 16 and $402 million on July 18, with all nine listed funds recording no outflows during the period. Institutional buying is reinforcing the trend. BlackRock purchased 58,560 ETH—valued at roughly $223.7 million—last week, spending about four times more on Ether than on Bitcoin. Separately, biotech firm 180 Life Sciences said it will rebrand as “ETHZilla” and acquire up to $425 million in Ethereum for its corporate treasury, a move that would rank it among the five largest public Ether holders. The sustained inflows underscore growing institutional acceptance of the two largest cryptocurrencies, even as broader financial markets weigh macroeconomic data and central-bank policy decisions.
ETH ETFs saw $5.4b net flows in July. That's the largest monthly inflow ever recorded for Ethereum spot ETFs. https://t.co/eWQcWqv9Ku
Another strong day for the ETH ETFs yesterday with $218.6M in net inflows The ETH ETFs are outpacing the BTC ETFs this week $284M to $237M https://t.co/AamfyqA5t4
INSIGHT: $BTC ETFs see 4th consecutive day with inflows of $80 million on July 29th. https://t.co/eTbOpqFbMf