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#White House Crypto Report#
Data spotlight: Institutional demand backs Ethereum's stability
Risk appetite for Ethereum investment products has remained steady in July, backed by increased demand from both institutional and retail investors. Capital inflow into Ethereum-related financial products flipped Bitcoin last week, averaging $1.59 billion. In contrast, Bitcoin investment products recorded a net outflow volume of $175 million last week, according to a CoinShares report.
Meanwhile, US ETH spot ETFs attracted a net inflow of around $219 million on Tuesday, continuing the unbroken bullish streak since July 2. The cumulative total inflow currently stands at $9.62 billion, with net assets averaging around $21.61 billion.
The demand for US BTC spot ETFs has significantly reduced over the last week, compared to mid-July when Bitcoin price rallied, reaching a new record high of $123,218. Despite the decline in volume, there have been four consecutive days of inflows, with approximately $80 million recorded on Tuesday. The cumulative total net inflow stands at $55 billion, with net assets averaging around $153 billion.