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In July, Ethereum ETFs attracted $365 million, while the HYPE ETF saw net outflows
  • ETH0%
  • LINK0%
  • LTC0%
  • HBAR0%
  • SOL0%
  • XRP+0.07%
  • LINK+0.98%
  • HYPE-3.06%

BlockBeats News, August 4th. In the July inflow of funds to cryptocurrency ETFs, the Ethereum (ETH) ETF emerged as the biggest winner, with a monthly net inflow of $365 million.

The data shows that Bitcoin ETF had a net inflow of $172.43 million in July; Solana (SOL) ETF had a net inflow of $14.62 million; XRP ETF had a net inflow of $27.29 million; Chainlink (LINK) ETF had a net inflow of $4.54 million; HBAR ETF had a net inflow of $3 million; LTC ETF had a net inflow of $30.4 thousand.

In contrast, HYPE-related ETF was the only product with a net outflow of funds, with a net outflow of $15.16 million in July.

Overall, the institutional fund allocation in July significantly favored the Ethereum ecosystem, with the ETH ETF attracting a fund size exceeding that of the BTC ETF, demonstrating a continued surge in market demand for Ethereum-related assets.

Fuente:BlockBeats

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