#BTCvsETH BTCvsETH
🔹 Key Highlights
1. Institutional Interest Shifts Toward Ethereum
Institutional Ethereum reserves have now surpassed $6.25 billion, reflecting a significant trend away from Bitcoin as institutions chase yield and network utility .
In July alone, U.S. spot ETH ETF inflows exceeded $2 billion, including a record $727 million in a single day—a classic short squeeze setup, potentially pushing ETH toward the $4,000 mark .
2. Bitcoin Still Strong, But Outperformed
Bitcoin recently hit and slightly retraced from new all-time highs above $123,000, currently consolidating around $119,000
Despite strong institutional inflows in BTC—nearly $921 million scooped up last week—Ethereum has outpaced BTC with a ~6 % rally amid the impact of the proposed GENIUS Act targeting stablecoin yields
3. Strategic Pivot by Corporate Crypto Holdings
BTC Digital Ltd. (NASDAQ: BTCT) announced a bold move: converting its entire BTC holdings into ETH, backed by a $6 million financing round, and launching ETH staking, DeFi initiatives, stablecoin reserves, and cross-chain infrastructure . This positions their ETH reserve in the ‘tens of millions’ by year-end.