According to CoinWorld News, the inflow of funds into Ethereum ETFs is breaking records, attracting more institutional investments in the past six weeks than in the previous 12 months. In July, ETH-based products clearly outperformed BTC. The institutional inflow is sustaining this dynamic, allowing for large-scale bottom fishing and enabling ETH to enter new market territories. The significant commitment from BitMine has helped kickstart this process. Ethereum: Best ETF in July Based on recent performance, Ethereum ETFs have recently received widespread acclaim. They briefly surpassed Bitcoin-based products last month and are driving institutional inflow, although BTC ETFs typically have a greater market impact. However, two Bloomberg analysts disputed the description of this as the 'second best,' calling the entire category their 'best ETF' for July. After a slow start, Ethereum ETFs have finally soared to new heights, and these analysts believe it’s now Bitcoin’s turn to catch up. Eric Balchunas attributes the acceptance of this institutional ETF to Bitmine, the largest Ethereum treasury company, which currently holds $6.6 billion in ETH, incentivizing institutional capital to bottom fish when opportunities arise. Bitget Wallet's Chief Marketing Officer Jamie Elkaleh helped explain the importance of this: institutions are driving new opportunities. In other words, the massive funds flowing into Ethereum ETFs are driving the market itself. Before this summer, ETH lacked a narrative comparable to Bitcoin's 'digital gold,' but this institutional support is building that narrative. This creates new opportunities that do not exist in more niche markets. For example, ETF wholesalers can now offer ETH-based products on a large scale, opening up potential markets. NEOS's High Income Ethereum ETF can also leverage this institutional capital inflow to offer consumers higher-risk trades. In these areas, success can breed success.

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