This growth is due to increased institutional activity and robust inflows into Ethereum-focused exchange-traded funds (ETFs). Notably, Ethereum ETFs have attracted $4.4 billion in fresh capital this month, surpassing the $4.2 billion it saw during its first 11 months of trading.
Meanwhile, Ethereum’s growing strength is evident in its price and trading activity, where it has surpassed Bitcoin for the first time.
The ETH/BTC ETF Holding Ratio rose from 0.05 to 0.12 in July, highlighting that Ethereum is gaining a larger share of ETF inflows.
