On Thursday, BlackRock’s iShares Ethereum Trust (ETHA) brought in an impressive $546.7 million, marking a new single-day record for the fund and contributing to a strong 10-day inflow streak totaling $2.1 billion.
This achievement follows closely after a $489 million influx the previous day, indicating a rising interest in the world’s second-largest cryptocurrency among institutional investors.
Ethereum ETF Boom Transforming Market Dynamics
According to SoSoValue data, on July 17, spot Ethereum ETFs saw daily net inflows of $602.02 million, narrowly missing the all-time high of $726.74 million recorded on July 16. ETHA was at the forefront, securing a record $546.70 million in new investments.
The fund has experienced 10 consecutive days of positive trading since it faced nearly $47 million in outflows on July 2. It has since amassed $2.132 billion in net inflows, significantly contributing to the sector’s total of $2.8 billion during this period.
While BlackRock led the pack, other funds also played a role in the rally, albeit on a smaller scale. Fidelity’s FETH recorded $17.19 million in inflows, bringing its total assets to $2.09 billion. Grayscale’s traditional ETH fund gained $29.9 million, while its mini ETH Trust (ETHE) saw no change.
Elsewhere, Bitwise’s ETHW ETF attracted $4.44 million, increasing its total inflows to over $408 million. Meanwhile, 21Shares’ CETH fund added $3.78 million in new capital, raising its total assets to $41 million. Smaller ETFs like Franklin Templeton’s EZET and Invesco’s QETH maintained steady flows, despite no new daily inflows being reported yesterday.
Total inflows across all Ethereum ETFs have now exceeded $7 billion, according to SoSoValue, with combined assets under management reaching $17.32 billion, which is 4.19% of ETH’s total market cap.
The funds have enjoyed inflows for 10 consecutive weeks, with the last downturn occurring in early May, when the sector lost just over $38 million. Since then, cryptocurrency investment products have achieved significant milestones, with $1.78 billion in net inflows since July 14 being particularly noteworthy.
SoSoValue’s data also highlights July as the most successful month for spot ETH ETFs since their inception. They have attracted over $2.88 billion in new capital so far, with ten trading days remaining. The previous highest figure was in December 2024, with inflows of $2.08 billion.
ETH Price Climbs on Institutional Momentum
The influx of institutional capital has positively impacted the market, with ETH’s price soaring to levels unseen in six months. At the time of writing, ETH had reached $3,630, after an 8.5% increase in the last 24 hours.
The asset also experienced a 22.2% rise over the past week and a 43% increase over the past month, significantly improving its year-on-year performance to -6.3%, and closing the gap to its all-time high of $4,878 to under 26%.
The post BlackRock’s ETH ETF Attracts $546 Million as 10-Day Inflows Reach $2.1 Billion appeared first on CryptoPotato.
