'Ethereum Stole the Show' as ETH ETF Flows Hit Record High: CoinShares
Summary
Global inflows into Bitcoin and Ethereum ETFs reached a record high, with Ethereum leading due to increased institutional demand. Ethereum products saw $2.2 billion in inflows for the week ending July 19, nearly doubling the previous record. Bitcoin and Ethereum inflows were nearly equal as investors sought better returns. Bitcoin reached an all-time high of $123,000 but remained flat, while Ethereum's price increased by 25%. Digital asset investment products have experienced 14 consecutive weeks of inflows, with total assets under management at $220 billion. Institutional inflows are crucial for Bitcoin's value, which is currently trading at $118,244.
