Ethereum Spot ETFs Dwarf Bitcoin with $1.85B Inflows: Utility Season in Full Swing

Ethereum is rapidly emerging as the institutional favorite, with new ETF inflow data suggesting a seismic shift in investor focus away from Bitcoin.

According to figures shared by SosoValue and highlighted by market analysts like Crypto Rover, Ethereum spot ETFs attracted an eye-popping $1.85 billion in net inflows during the week ending July 25, 2025. In stark contrast, Bitcoin ETFs drew just $72.06 million in the same period.

Ethereum Dominates ETF Landscape

The data paints a clear picture: investors are piling into Ethereum-based products at an accelerating pace. Over the last three weeks, ETH spot ETFs have collectively pulled in $4.94 billion in net inflows. For comparison, Bitcoin ETFs brought in just over $5.83 billion across the entire month of July—but the inflows have been decelerating week over week.

Ethereum’s strong ETF performance also boosted its total net assets to $20.66 billion, up from $18.37 billion the previous week. Meanwhile, Bitcoin’s total net assets held steady around $151 billion, but with sharply lower weekly momentum.

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Utility Season Narrative Gains Momentum

The latest spike in ETH ETF flows adds fuel to the rising “Utility Season” narrative, where investors shift their attention from Bitcoin’s store-of-value status to more functional Layer 1 ecosystems like Ethereum. This shift is partly driven by Ethereum’s diverse use cases, from DeFi and NFTs to enterprise blockchain adoption.

Analysts see the trend as a sign that institutional investors are now more interested in yield-bearing, smart contract-capable assets. The sustained flow into Ethereum may also be signaling growing confidence in the long-term roadmap of ETH, especially with its upcoming scaling upgrades and L2 growth.

Market Implications Going Forward

While Bitcoin still dominates in total ETF AUM, Ethereum’s rapid inflow growth could tilt the narrative if the pattern continues.

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If ETH continues to outpace BTC in weekly flows, it may prompt a broader asset reallocation across crypto portfolios—one that favors utility and programmability over digital gold.

For now, all signs point to Ethereum taking the spotlight as institutional capital repositions for the next leg of crypto market evolution.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.