July Ethereum ETF Sees $365M Inflows; HYPE ETF Records Net Outflows

iconKuCoinFlash
Share
AI summary iconSummary
July ETF news shows Ethereum (ETH) ETFs attracting $365 million in net inflows, surpassing Bitcoin ETFs, which saw $172.43 million. Smaller inflows were recorded for Solana (SOL), XRP, Chainlink (LINK), HBAR, and Litecoin (LTC) ETFs. HYPE-related ETFs experienced net outflows of $15.16 million. Institutional capital is clearly favoring Ethereum over Bitcoin.

BlockBeats news, on August 4, in the July cryptocurrency ETF fund flows, the Ethereum (ETH) ETF emerged as the biggest winner, with a net inflow of $365 million for the month.


Data shows that Bitcoin ETFs had net inflows of $172.43 million in July; Solana (SOL) ETFs had net inflows of $14.62 million; XRP ETFs had net inflows of $27.29 million; Chainlink (LINK) ETFs had net inflows of $4.54 million; HBAR ETFs had net inflows of $3 million; and LTC ETFs had net inflows of $30,400.


In contrast, HYPE-related ETFs were the only products to experience net outflows, with $15.16 million withdrawn in July.


Overall, in July, institutional capital allocation showed a clear preference for the Ethereum ecosystem, with ETH ETFs attracting more funds than BTC ETFs, indicating sustained growing demand for Ethereum-related assets.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.