In July, Bitcoin and Ethereum ETFs set a record by achieving $11.2 billion in inflows, with Ethereum leading the way. Ethereum funds alone attracted $1.6 billion last week, and their total year-to-date inflows reached $7.8 billion, surpassing the entire performance of 2024. Analysts note that Ethereum's smaller market capitalization relative to Bitcoin has enabled swift capital movements in response to market trends. Meanwhile, Bitcoin ETFs recorded a minor outflow of $175 million. Other altcoins like Solana and XRP have also seen significant inflows of $311 million and $189 million respectively, leading some analysts to question if this marks the beginning of an 'altcoin season.' The SEC recently approved applications for crypto ETF conversions, hinting at potential future industry changes. As of now, Bitcoin and Ethereum are trading positively, showcasing resilience amid these developments.

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