July isn’t finished yet, but Bitcoin and Ethereum ETFs have already pulled in a record-breaking $11.2 billion in new funds, based on data from digital asset firm CoinShares. The offical numbers are expected to land once markets close on Thursday..
ETH-focused funds have been grabbing alot of attention lately, and last week was no diferent, noted James Butterfill, Head of Research at CoinShares.
According to his update, Ethereum ETFs attracted a whopping $1.6 billion in fresh inflows. That brings the total to $7.8 billion for the year so far—already surpassing the entire 2024 intake. It’s worth remembering, tho, that ETH ETFs only hit the market around this time last year. So during their first year,they only had about five months to trade.
Meanwhile, experts over at Singapore’s QCP Capital highlighted that ETH is still a much smaller crypto compared to Bitcoin. That means even smaller price jumps can have a bigger effect on the market.