This week, BlackRock’s Ethereum ETF attracted more inflows than its flagship Bitcoin ETF, IBIT, despite IBIT’s leading position in the market. While Bitcoin ETF inflows are slowing down as BTC nears its all-time high, Ethereum ETFs continue to grow steadily. This trend signals rising institutional interest in ETH and has contributed to a more than 5% drop in Bitcoin’s market dominance in July. Notably, a senior executive at BlackRock recently left the firm to join an Ethereum treasury project.