Key Takeaways
- • Ethereum ETFs attracted $103.9 million in inflows during the week of July 20-24, 2026, outpacing Bitcoin ETFs by nearly three times ($33.79 million), marking the third consecutive week of net inflows for both categories.
- • Ethereum reached a two-month high of $1,970, gaining 24% since June 29 while Bitcoin rose 10% over the same period; ETH gained 5% for the week versus Bitcoin's 1% increase.
- • The ETH/BTC ratio surged to 0.03—its highest level since late April—and broke above its 200-day moving average for the first time since January, potentially signaling altcoin season despite Bitcoin maintaining 59% market dominance.
- • Over three weeks of cumulative flows, US Bitcoin spot ETFs attracted $306 million while Ethereum ETFs brought in $294 million, indicating sustained institutional interest in both assets.
- • CoinEx Chief Analyst Jeff Ko attributed Bitcoin's range-bound behavior to three stabilizing macro factors: oil pullback following a US-Iran conflict pause and 10-year Treasury yields near 4%.
Summary
Ethereum ETFs significantly outperformed Bitcoin funds during the week ending July 24, 2026, attracting $103.9 million compared to Bitcoin's $33.79 million—a ratio of nearly 3:1. This marks the third consecutive week of net inflows for both asset classes, demonstrating sustained institutional appetite for crypto derivatives. Over the prior three-week period, Bitcoin spot ETFs accumulated $306 million in inflows while Ethereum ETFs drew nearly $294 million, reflecting competitive positioning between the two largest digital assets.
Ethereum's price performance mirrored the inflow dynamics, reaching a two-month high above $1,970 before retracting slightly to $1,945 by publication time. Since June 29, ETH has appreciated 24% compared to Bitcoin's 10% gain. Weekly performance showed more pronounced divergence, with Ethereum climbing 5% versus Bitcoin's 1% weekly advance. This relative strength pushed the ETH/BTC ratio to 0.03—the highest level since late April—and notably, the pair broke above its 200-day moving average for the first time since January, a technical milestone that analysts suggest could indicate emerging altcoin season, though Bitcoin retains dominant market share at 59%.
The broader crypto market sentiment remains cautious. The Crypto Fear and Greed Index rose to 30, remaining in "fear" territory just shy of "extreme fear" levels. Among alternative asset ETFs, Ripple (XRP) and Solana (SOL) led secondary flows with $8.15 million and $7.2 million respectively, while HYPE ETFs posted the only significant outflows among major altcoin funds. Macro conditions provide context for Bitcoin's range-bound consolidation, according to CoinEx Chief Analyst Jeff Ko, who cited three stabilizing factors: oil's retreat from recent highs following reduced US-Iran tensions and 10-year Treasury yields holding near 4%.
Ethereum's price performance mirrored the inflow dynamics, reaching a two-month high above $1,970 before retracting slightly to $1,945 by publication time. Since June 29, ETH has appreciated 24% compared to Bitcoin's 10% gain. Weekly performance showed more pronounced divergence, with Ethereum climbing 5% versus Bitcoin's 1% weekly advance. This relative strength pushed the ETH/BTC ratio to 0.03—the highest level since late April—and notably, the pair broke above its 200-day moving average for the first time since January, a technical milestone that analysts suggest could indicate emerging altcoin season, though Bitcoin retains dominant market share at 59%.
The broader crypto market sentiment remains cautious. The Crypto Fear and Greed Index rose to 30, remaining in "fear" territory just shy of "extreme fear" levels. Among alternative asset ETFs, Ripple (XRP) and Solana (SOL) led secondary flows with $8.15 million and $7.2 million respectively, while HYPE ETFs posted the only significant outflows among major altcoin funds. Macro conditions provide context for Bitcoin's range-bound consolidation, according to CoinEx Chief Analyst Jeff Ko, who cited three stabilizing factors: oil's retreat from recent highs following reduced US-Iran tensions and 10-year Treasury yields holding near 4%.
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