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Ethereum outpaces Bitcoin as institutional inflows hit record $11.2B in July

CoinShares data reveals Ethereum products outperform Bitcoin, driven by strong institutional endorsements and market optimism.

CryptoSlate

Jul 28

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Happy Monday!

Ethereum takes center stage this week as institutional inflows reach a record $11.2B in July, outshining Bitcoin's performance and reflecting mounting optimism from major investors. The digital dollar leaps forward as the just-signed GENIUS Act ushers in a new era for stablecoins, with Wall Street and policymakers preparing for transformative changes in money and payments. Meanwhile, the PENGU token rally is overshadowed by a $66M team dump and a surge in sophisticated scams, prompting fresh warnings for community vigilance.

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The global crypto market cap is $3.91 trillion, with a 24-hour volume of $176.06 billion. The price of Bitcoin is $118,254.86, and BTC market dominance is 60.3%. The price of Ethereum is $3,807.74, and ETH market dominance is 11.8%. The best-performing sector is BRC-20, which gained 5%. The Crypto Fear & Greed Index is currently Greed (75).