Bitcoin vs. Ethereum ETF Battle: Who Won July?

The winner actually had the best month in terms of market performance in a year. After two consecutive painful months in which they lost billions of dollars, the spot Bitcoin ETFs finally turned the page in July, but inflows were still modest. Meanwhile, the exchange-traded funds tracking the performance of the largest altcoin enjoyed the month more, attracting over 2x more fresh capital. Bitcoin ETFs in July March and April were quite bullish for the spot BTC ETFs as the financial vehicles attracted well over $3 billion. However, the trend changed violently in May when they lost $2.43 billion. June became the worst month on record, as investors pulled out just over $4.5 billion. In total, the net outflows for May and June stood at nearly $7 billion, and the cumulative total flows dropped from over $58 billion to $51 billion. July started more positively, with almost $200 million in net inflows during the first full week. Another $76 million followed during the second, and a more modest $34 million in the third. The trend was obvious as the initial high numbers gradually declined, aligning with the underlying asset’s controversial and sporadic price performance and ultimately leadi...