Ethereum ETFs Lead with 13-Day Inflow Streak Over Bitcoin

Ethereum ETFs Outpace Bitcoin ETFs Amid 13‑Day Inflow Streak

24th July 2025 • 12 mins read

This Week’s Recap

Spot Ether ETFs draw $533 million inflows, extend 13‑day streak: U.S. spot Ether exchange‑traded funds attracted about $533 million on July 22, marking the thirteenth consecutive day of net inflows and bringing cumulative inflows to roughly $8.3 billion. The persistent inflow streak highlights strong institutional interest in Ethereum exposure. Major issuers such as BlackRock’s iShares Ethereum Trust led the gains on the day.
SEC approves then pauses Bitwise’s BITW ETF conversion: On July 22, the SEC approved Bitwise’s bid to convert its Bitwise 10 Crypto Index Fund (BITW) into a spot ETF but immediately stayed the order pending further Commission review. BITW’s portfolio comprises roughly 90 percent Bitcoin and Ether with the remainder across eight major altcoins. The pause mirrors earlier actions on similar conversion proposals, underscoring the regulator’s measured approach to new crypto ETFs.
All 105 economists expect Fed to hold rates; over 70% worry about political pressure: A Reuters poll conducted July 17–23 found that all 105 economists expect the Federal Reserve to maintain interest rates at its July 29‑30 meeting. More than 70 percent of respondents expressed concern that political interference threatens the Fed’s independence. The results underscore institutional caution ahead of the central bank’s next policy decision.
Fed calendar confirms July 29–30 FOMC meeting with press conference: The Federal Reserve’s official FOMC calendar lists its next policy meeting for July 29‑30, 2025. A press conference by Chair Jerome Powell is scheduled for July 30 at 2 p.m. Eastern Time. Market participants will watch closely for updated guidance on the central bank’s outlook.
Treasury Secretary Bessent accuses Fed of “politically biased” forecasts: On July 23, Treasury Secretary Scott Bessent criticized the Federal Reserve’s economic forecasts as politically influenced. His comments follow mounting pressure from the administration for rate cuts ahead of the Fed’s July meeting. The central bank has rejected the allegation and reiterated its commitment to data-driven policy decisions.
Economists see BOJ holding rates in July and September but hiking by year-end: A Reuters poll published July 23 shows 83 percent of economists expect the Bank of Japan to keep key interest rates unchanged at its July and September meetings. Despite the near-term pause, 54 percent foresee at least a 25 basis-point hike by the end of 2025. The results reflect cautious optimism amid global trade tensions and domestic political uncertainties.
Trump signs stablecoin law as crypto industry aims for mainstream adoption: On July 18, 2025, President Donald Trump signed the GENIUS Act into law, establishing reserve and disclosure requirements for U.S. dollar‑pegged stablecoins under a new regulatory framework. The bipartisan legislation mandates that issuers back stablecoins fully with liquid assets and publish monthly disclosures of their reserves. Supporters argue the act will boost confidence and mainstream adoption of stablecoins, while critics caution it lacks robust anti‑money laundering safeguards.
Decision on REX‑Osprey Spot XRP ETF due July 25: The U.S. Securities and Exchange Commission is scheduled to announce its ruling on the REX‑Osprey Spot XRP ETF on July 25, 2025. Market observers anticipate the decision could open institutional access to XRP and reshape demand dynamics. The outcome will keep XRP in the regulatory spotlight and influence broader spot‑ETF approval trends.
SFC approves Eddid Financial for coin in/out services: Hong Kong’s Securities and Futures Commission granted Eddid Financial’s subsidiary, Eddid Securities and Futures, approval on July 22 to offer fiat‑crypto deposit and withdrawal services. The licence enables the Eddid ONE platform to support direct transactions in Bitcoin, Ether, USD Coin, Tether and USDT‑TRC. This step strengthens Hong Kong’s virtual‑asset ecosystem by expanding compliant service options for institutional and retail investors.
Strategy buys 6,220 BTC for $739.8 M at avg $118,940: Strategy, formerly MicroStrategy, acquired 6,220 Bitcoin for about $739.8 million between July 14 and July 20, 2025 at an average price of $118,940 per coin. The purchase increased the firm’s total Bitcoin holdings to 607,770 BTC, valued at over $72 billion at current market prices. The aggressive accumulation underscores Strategy’s bullish stance on Bitcoin amid recent volatility.
US and German governments move $738 M in BTC to exchanges: The US and German governments transferred roughly $738 million worth of Bitcoin to various crypto exchanges over the last two weeks. Data indicates these transfers may be destined for liquidation, sparking concerns over increased market supply and downward price pressure. Observers warn that the influx of government-sourced BTC could amplify volatility if reserves are sold.
Tether’s USDT market cap hits $160 B milestone: Tether’s USDT stablecoin surpassed a record market capitalization of $160 billion this week. The milestone underscores USDT’s continued dominance in the stablecoin sector, representing roughly 65 percent market share. CEO Paolo Ardoino described the achievement as a “mind‑blowing milestone” that highlights USDT’s critical role in emerging markets.
DeFi TVL reaches $138 B driven by Ethereum and institutional interest: Total value locked in DeFi protocols climbed to approximately $138 billion, led primarily by growth on the Ethereum network. Increased institutional participation through new fund launches and protocol partnerships contributed significantly to TVL expansion. Analysts note that rising yields on lending platforms and innovative layer‑2 solutions are sustaining DeFi’s momentum.
Goldman Sachs and BNY launch tokenized money‑market funds on LiquidityDirect: On July 24, 2025, Goldman Sachs and BNY Mellon announced plans to issue blockchain‑based tokens representing shares in money‑market funds managed by major asset managers on BNY’s LiquidityDirect platform. The tokens will be recorded on Goldman’s private blockchain while BNY maintains official fund records, aiming to streamline settlements and offer 24‑hour trading. Advocates anticipate improved capital efficiency and fractional access, though some caution about incorporating crypto elements into traditional finance.
WLFI token to become tradable after 99.94% community approval: World Liberty Financial’s governance token WLFI secured 99.94% support in a July 16, 2025 community vote to enable peer‑to‑peer and secondary market trading after its presale lock‑up. The vote paves the way for WLFI to start trading within six to eight weeks, pending technical rollout and exchange listings. Proponents say the move will boost community engagement and token liquidity, while critics highlight potential market volatility.

Bitcoin Market Analysis

Between July 17 and July 23 Bitcoin mainly traded in a $117,000 to $120,250 range, holding above the 100‑hour simple moving average near $118,200 and staying clear of sub‑$117,000 levels . On July 18 it dipped to an intraday low of $116,624 before bouncing back above $118,600 the next day, and the week’s peak around $120,191 briefly tested $120,250 resistance . Price set successive higher lows, reflecting steady buyer interest even as sellers emerged near $120,000, and average daily volatility was around 2.4 percent.

Source: TradingView

The 14‑day RSI eased from overbought readings around 78 down to about 62 midweek, then settled near 65.5 by the close, suggesting there is still room for upside without exhaustion . The MACD histogram sits solidly positive at 165.57, with its MACD line at 3,129.64 above the 2,964.07 signal line, underscoring ongoing bullish momentum . Price remains above its 50‑ and 100‑period EMAs (roughly $117,659 and $115,720) and well above the 50‑day EMA near $108,700, creating a classic bullish alignment across multiple time frames.

Key levels to watch include support around $118,200 (the 100‑hour SMA) and secondary support at $117,500; a clean close below $117,500 would signal a deeper pullback toward $115,000 . On the upside, a sustained break and daily close above $120,250 would confirm the next leg higher toward $122,500 to $123,200 . Consider setting alerts at $118,200 for support‑retest entries, at $120,250 for breakout confirmation, and monitor the RSI crossing above 70 or a flattening MACD histogram as early warnings of momentum fatigue.

The SEC granted then paused approval for Bitwise’s conversion of its Bitwise 10 Crypto Index Fund (BITW) into a spot ETF; BITW’s holdings are roughly 90 percent Bitcoin and Ether, underscoring Bitcoin’s prominence in the fund’s asset mix. In Hong Kong, the SFC approved Eddid Financial’s subsidiary to offer fiat‑crypto deposit and withdrawal services, enabling direct transactions in Bitcoin, Ether, USD Coin, Tether and USDT‑TRC and broadening institutional and retail access to Bitcoin.

Source: https://www.coinglass.com/pro/i/micro-strategy-cost

Meanwhile Strategy (formerly MicroStrategy) bought 6,220 BTC for about $739,800,000 at an average price of $118,940 per coin, raising its total Bitcoin holdings to 607,770 BTC and highlighting a continued corporate accumulation trend. At the same time, the U.S. and German governments transferred roughly $738,000,000 worth of Bitcoin to exchanges over the past two weeks, a move that could presage liquidation and add downward pressure to Bitcoin’s price.

Ethereum Market Analysis

Over the past week ETH traded within an ascending channel, testing the lower trendline near $2,900 on July 15 before bouncing back above the $3,000 support zone on July 16–17. It then surged through the $3,450 resistance level on July 18–19, confirming the breakout and accelerating upside momentum. The pair reached a high just under $3,800 on July 21, before a mild retracement to around $3,660 by July 22 as traders digested recent gains.

Source: https://altfins.com/technical-analysis

The RSI‑14 has climbed from the mid‑60s into overbought territory at about 78–80, warning of a potential near‑term pause or pullback after sustained buying. The MACD line remains above its signal line, indicating that the bullish momentum is intact, but the narrowing histogram bars suggest momentum is beginning to ease. Meanwhile, ETH continues to trade well above its 200‑day moving average at approximately $2,480, confirming the long‑term uptrend and supporting the idea that recent breakouts are valid.

On the upside the next target remains the major resistance zone around $4,000; a clear weekly close above $3,800 would increase the probability of continuation. Key supports to watch are $3,450 (previous resistance now acting as support) and $3,000; a drop below $3,450 could signal a deeper pullback toward the channel base. Traders may set alerts for a sustained break and hold above $3,800 for fresh entries, or for an RSI dip back below 70 and a MACD histogram crossover into negative territory to time profit‑taking or defensive positioning.

Source: https://sosovalue.com/assets/etf/us-eth-spot

On July 22 spot Ether ETFs attracted $533.87 million in net inflows, marking a 13‑day streak of positive flows and pushing 13‑day cumulative inflows above $4 billion, while all‑time inflows have now surpassed $8.32 billion with assets under management near $19.85 billion. The day prior, on July 21, Ethereum ETFs logged $296.6 million of net inflows even as Bitcoin ETFs saw $131.4 million of outflows, underscoring a growing institutional shift toward ETH exposure .

CoinDesk warns that ETH’s RSI‑14 surged past 78 in the last two days, an overbought signal often signaling pullbacks amid euphoria-driven rallies, with analysts cautioning that momentum may be peaking as RSI enters extreme territory. Meanwhile, the broader DeFi ecosystem has surged 57 percent since April to roughly $138 billion, driven by Ethereum’s dominance, renewed institutional participation through tokenized real‑world assets, elevated yields on lending platforms, and rapid layer‑2 innovation with standout growth in Aave and Lido DAO (kucoin.com).