Record Inflows into ETH : Is a New Altcoin Wave Coming ?
Ethereum ETFs in the United States recorded $1 billion in inflows in a single session on Monday. BlackRock’s ETHA captured $640 million, followed by Fidelity’s FETH with $277 million. Total holdings have reached $25.7 billion, with more than $10.8 billion since the beginning of the cycle, indicating a growing appetite for direct exposure to ETH.
In July, Ethereum surged by +49%, compared to only +8% for Bitcoin, significantly outperforming the market. Ethereum-based DEXs recorded $24.5 billion in trading volume over 48 hours, double that of Solana. These flows show that ETF inflows are already fueling the entire ecosystem, particularly layer 2 networks and DeFi.
If this trend continues, a rotation toward altcoins could begin, primarily targeting Arbitrum, Optimism, Uniswap, or AI-related tokens like Render and Fetch.ai. This movement would likely remain selective, focusing on projects with strong utility.
Potential Targets for the Rotation
If the momentum continues, the market could experience a mini altcoin season, with flows directed toward :
- Layer 2 networks : Arbitrum and Optimism, offering faster and cheaper transactions.
- DeFi protocols : Uniswap, Aave, attracting investors looking for yield through staking and liquidity.
- AI tokens : Render (RNDR), Fetch.ai (FET), likely to capture attention in a speculative context.
Open positions, funding rates, and volumes of specific pairs will be key indicators to watch, especially during weekend sessions, often marked by increased volatility.
Despite the enthusiasm, the current movement remains focused on projects with strong utility and solid fundamentals. Investors favor tokens offering real structural advantages, rather than giving in to trends.
In conclusion, Ethereum ETFs are now the central driving force behind the crypto momentum. Their influence could continue to spread throughout the ecosystem, but in a progressive and measured way, according to developments in usage and infrastructure.
How to Buy ETH on Bitget ?
Ethereum’s rise offers great opportunities for investors. Here’s how to take advantage by easily buying ETH on Bitget :
- Sign up on Bitget : Create an account on Bitget using an email address or phone number, then complete KYC verification.
- Deposit funds : Fund your account with fiat (credit card, bank transfer) or cryptocurrencies like USDT or BTC.
- Access the ETH market : In the “Spot Trading” section, select the ETH/USDT or ETH/BTC pair.
- Place an order : Choose a market order for immediate purchase or a limit order to set your price. Confirm the amount.
