- Ethereum flipped Bitcoin in daily futures volume at $62.1B as traders positioned ahead of potential ETH catalysts.
- BlackRock and Fidelity led a record $383.1M ETH ETF inflow day with zero redemptions across all listed Ethereum products.
- A whale acquired 9,188 ETH via CoW Protocol while BlackRock’s ETH buys surpassed BTC purchases during the same period.
Ethereum has overtaken Bitcoin in daily futures volume for the first time in months, signaling a major shift in trader focus. At the same time, institutional demand surged as Ethereum ETF products recorded $383.1 million in net the second-largest daily inflow in ETF history.
Ethereum Leads Futures Activity as Traders Reposition
Ethereum futures volume hit $62.1 billion in the past 24 hours, just ahead of Bitcoin’s $61.7 billion. Brought to the public via on-chain metrics Glassnode, the spike reflects a growing appetite for short-term exposure to ETH’s volatility.
This shift highlights how traders are now rotating toward Ethereum, seeking leverage exposure ahead of ETH-specific catalysts. Open interest for Ethereum has reached $26 billion, while Bitcoin holds $57.6 billion, indicating growing conviction beneath the surface.
Moreover, Ethereum posted a volume-to-market-cap ratio of 66.95%, outperforming Bitcoin’s 87.89% despite trading at a lower nominal value. The momentum suggests Ethereum’s derivatives markets are heating up faster than Bitcoin’s heading into the second half of 2025.
ETF Inflows Confirm Institutional Rotation Into Ethereum
BlackRock, Fidelity, and other issuers reported major Ethereum ETF inflows on July 10, 2025, totaling $383.1 million in a single day. According to a report by analysts tracking ETF fund movements, BlackRock’s ETHA product led the surge with $300.9 million in daily inflow.
Fidelity’s FETH followed with $37.3 million, while minor contributions came from VanEck, Invesco, and Grayscale funds. No redemptions were recorded across any ETH ETFs, marking a clean inflow session and confirming institutional positioning.
These allocations pushed total cumulative Ethereum ETF inflows to $7.519 billion, a notable benchmark for a newly approved class of products. This activity comes amid speculation of further ETH upside and broader ETF accessibility gains in the coming quarters.
Whale Accumulation Adds Fuel to Ethereum’s Momentum
Simultaneously, one wallet executed a $25 million Ethereum accumulation using CoW Protocol across multiple transactions. Each swap ranged between 1.836K and 1.837K ETH, averaging $5 million per inflow and suggesting planned positioning.
Before the accumulation, the same wallet swapped roughly $500,000 in USDT into AAVE multiple times, then cycled into ETH. The timing and scale of these moves underscore a deliberate, high-conviction strategy, mirroring broader institutional flows.
Moreover, BlackRock’s ETF desk reportedly bought $158 million in ETH versus just $125 million in Bitcoin during the same period. This flip confirms that institutional ETH inflows are now outpacing BTC purchases across the top U.S. asset managers.
