Ethereum is gaining momentum against Bitcoin, with the ETH/BTC ratio jumping over 40% in the past month, from roughly 0.022 on June 23 to about 0.031, according to data from CryptoRank.
This growth is due to increased institutional activity and robust inflows into Ethereum-focused exchange-traded funds (ETFs). Notably, Ethereum ETFs have attracted $4.4 billion in fresh capital this month, surpassing the $4.2 billion it saw during its first 11 months of trading.
As a result, the ETH/BTC ratio has surged more than 70% since touching a five-year low of 0.018 in April—a level last seen during the COVID-19 market crash in March 2020.
Meanwhile, Ethereum’s growing strength is evident in its price and trading activity, where it has surpassed Bitcoin for the first time.
According to CryptoQuant data, Ethereum recorded $25.7 billion in weekly spot volume, edging past Bitcoin’s $24.4 billion. This uptick reflects increased trading activity and a growing tilt toward ETH amid bullish sentiment.
Further reinforcing this trend, ETF data indicates that institutional investors are allocating more capital to Ethereum relative to Bitcoin.
The ETH/BTC ETF Holding Ratio rose from 0.05 to 0.12 in July, highlighting that Ethereum is gaining a larger share of ETF inflows.
This increasing preference for ETH over BTC suggests that more investors are accumulating Ethereum in greater US dollar terms, adding buying pressure and contributing to its price outperformance.
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