Ethereum ETFs Outshine Bitcoin with $310 Million Inflows

Recent data reveals significant shifts in Bitcoin and Ethereum ETFs. On July 1, Bitcoin spot ETFs experienced a net outflow of $295 million, while Grayscale's Bitcoin Mini Trust ETF saw inflows of $36.3 million.

This trend aligns with macroeconomic factors influencing investor sentiment. The robust US jobs report has raised expectations for the Federal Reserve's monetary policy, potentially delaying rate cuts.

In contrast, Ethereum spot ETFs outperformed with a total inflow of approximately $310 million. This indicates a growing preference for Ethereum among institutional investors and highlights shifting sentiment in the crypto markets.