Spot Ethereum ETFs Record Over $900M Weekly Inflows, Highest Since Launch

U.S. spot Ethereum exchange-traded funds (ETFs) saw over $900 million in inflows during the week ending July 11, their highest weekly total since launch. Over 42% of that amount, $383.1 million, was recorded on July 10 alone, according to data from SoSoValue.

Notably, the $907.99 million inflows came during a volatile price week for ether. After falling to about $2,514, the largest altcoin by market cap climbed above $3,000 before slipping to $2,920.

ETHA Leads Weekly Inflow

Among all Ethereum ETFs, BlackRock’s ETHA led with $675.1 million added. Fidelity’s FETH followed, gaining nearly $88 million during the week.

Grayscale’s Ethereum Mini Trust (ETH) product brought in over $73 million. Meanwhile, the company’s earlier product, ETHE, saw nearly $37 million in net inflows.

Bitwise’s ETHW recorded $16.7 million, showing moderate activity. VanEck’s ETHV posted $8.7 million, while Ark 21Shares’ CETH and Franklin’s EZET each logged over $5 million.

Since launch in July 2024, all U.S. ether ETFs have now seen $5.31 billion in net inflows. Their total net assets have grown to $13.53 billion, representing 3.77% of Ethereum’s current market cap. This steady increase in inflows points to rising institutional interest in ether.

Beyond ETFs, some public companies are also making ETH a strategic asset. For example, SharpLink Gaming is the largest publicly traded firm to designate ETH as its primary treasury reserve. The company recently signed a deal with the Ethereum Foundation to acquire 10,000 ETH for $25.7 million.

Bitcoin ETFs Extend Inflow Streak

Bitcoin spot ETFs also saw strong inflows during the same week. They brought in over $1 billion, slightly more than Ethereum ETFs.

Remarkably, this marks the first time since their January 2024 launch that bitcoin ETFs posted back-to-back days of ten-digit inflows. On Friday, July 11, the total inflow reached $1.03 billion.

The day before, these ETFs had brought in approximately $1.8 billion, making it the second-largest daily inflow since launch. The largest came on November 7, 2024, when Donald Trump won the U.S. presidential election, bringing $1.37 billion.

Nate Geraci, president of NovaDius Wealth Management, commented on the trend in an X post. 

“Since Jan 2024 launch, there have been 7 days of inflows > $1bil. 2 of those are in past 2 days,” he tweeted.