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.

ETH/BTC Ratio Since 2020 (Source: CryptoRank)

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.

Ethereum vs Bitcoin Trading Volume (Source: CryptoRank)

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.

ETH/BTC ETF Ratio (Source: CryptoQuant)

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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