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Bitcoin ETFs Lose $225 Million as Ether Funds Draw $26 Million U.S. spot Bitcoin ETFs recorded net outflows of USD 225 million on July 23, while spot Ethereum ETFs attracted USD 26.32 million, according to SoSoValue. Morgan Stanley's MSBT led Bitcoin fund inflows with USD 5.01
On July 23, U.S. spot Bitcoin ETFs recorded net outflows of USD 225 million, while spot Ethereum ETFs attracted net inflows of USD 26.32 million, according to SoSoValue data.
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What happened
On July 23, U.S. spot Bitcoin ETFs recorded net outflows of USD 225 million, while spot Ethereum ETFs attracted net inflows of USD 26.32 million, according to SoSoValue data.
Confirmed
Global impact / market context
The outflows from Bitcoin funds and inflows into Ethereum funds show investors shifting capital toward Ether, which may signal a preference for its growth prospects or perceived lower risk compared with Bitcoin.
Analyst inference
Recent weakness in Bitcoin’s price and positive developments in Ethereum’s network have likely driven the fund flows, as investors adjust positions based on price trends and protocol upgrades.
Analyst inference
What to watch
- Weekly net flow data for Bitcoin and Ethereum ETFs to see whether the current shift persists, reverses, or stabilises over the next few weeks. Proposed
- Any major Ethereum network upgrades or fee‑structure changes that could further boost investor confidence and attract additional fund inflows. Proposed
- Regulatory announcements concerning crypto ETFs that might affect the relative attractiveness of Bitcoin versus Ethereum investment products. Proposed
Affected assets
- ETH — Ethereum
- BTC — Bitcoin