Ethereum ETF inflows hit $365M in July, topping Bitcoin’s $172M
Ethereum spent most of the past year trailing Bitcoin, but July flipped that script. Stronger Ethereum ETF inflows, renewed corporate buying, and a widening price gap pushed ETH ahead of BTC for the first time in months, according to data from CryptoSlate. The rally has traders asking whether this is the start of a real reversal or just a temporary breather in a much longer downtrend against Bitcoin.
Key takeaways
- Ethereum gained 19% in July, while Bitcoin rose just 8% over the same stretch, according to CryptoSlate data.
- US spot Ethereum ETFs pulled in $365.17 million in July net inflows versus $172.43 million for Bitcoin ETFs, per SoSoValue figures cited by CryptoSlate.
- Morgan Stanley’s new Ethereum Trust (MSSE) gathered about $20 million in assets within its first days of trading.
- BitMine grew its Ether stash from roughly 5.70 million ETH to 5.79 million ETH in July, while Strategy made zero Bitcoin purchases.
- The ETH/BTC MVRV ratio sits at 0.65 and exchange flow ratios remain near 0.8 — both above the levels tied to past cycle bottoms.
Ethereum Outperforms Bitcoin in July
Ethereum’s July advance outpaced Bitcoin by a wide margin, driven by a mix of stronger fund demand and steadier corporate buying. ETH climbed 19% during the month, touching as high as $1,970 before slipping back to $1,868 by press time, CryptoSlate reported. Bitcoin, by contrast, gained just 8% and kept failing to clear the $65,000 mark.
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