Spot Ether ETFs inflows hit $453 million as 16-day streak fuels market optimism

Spot Ether ETFs inflows continued their remarkable rally, pulling in $452.72 million on Friday and marking 16 consecutive days of positive momentum.

According to data from SoSoValue, the funds have now amassed $9.33 billion in cumulative net inflows since launch, with total net assets reaching $20.66 billion, accounting for 4.64% of Ethereum’s market cap.

BlackRock’s iShares Ethereum Trust (ETHA) led the charge with $440.10 million, solidifying its position as the largest spot Ether ETF in the U.S.

The sustained demand highlights growing institutional confidence in Ethereum’s long-term utility, particularly in decentralized finance (DeFi) and tokenization.

“With surging interest in stablecoins and tokenization, we expect strong ETH ETP inflows for a long time to come,” said Matt Hougan, Bitwise’s chief investment officer, in a recent social media post.

BlackRock’s ETHA dominates spot Ether ETFs inflows

BlackRock’s iShares Ethereum Trust has emerged as the clear leader, now holding $10.69 billion in assets under management. Bitwise’s ETHW and Fidelity’s FETH trailed far behind with $9.95 million and $7.30 million in inflows, respectively.

Meanwhile, Grayscale’s ETHE faced another day of outflows, shedding $23.49 million and bringing its total redemptions to $4.29 billion, the highest among all Ether ETFs.

The disparity underscores a shift in investor preference toward newer, lower-fee products. Analysts note that Grayscale’s higher management fees (1.5%) compared to rivals like BlackRock (0.25%) have driven the exodus.

Why the 16-day streak matters for Ethereum’s future

The spot Ether ETFs inflow streak, which began on July 2, has seen net inflows more than double from $4.25 billion to $9.33 billion.

The rally peaked on July 16 with $726.74 million in a single day, followed by consistent $300M+ sessions. This surge coincides with rising institutional bets on Ethereum’s role in smart contracts and staking.

Hougan projects that demand for Ether via ETFs and other vehicles could hit $20 billion over the next year—equivalent to 5.33 million ETH at current prices.

Given Ethereum’s annual supply issuance of just 0.8 million ETH, demand could outpace supply by nearly 7x, potentially driving prices higher.

Bitcoin ETFs rebound as Spot Ether ETFs inflows steal the spotlight

While spot Ether ETFs inflows dominate headlines, Bitcoin ETFs showed signs of recovery, attracting $130.69 million on Friday after a mid-week slump. July has still been a strong month for Bitcoin funds, with record inflows of $1.18 billion on July 10 and $1.03 billion on July 11.

Cumulative net inflows for Bitcoin ETFs now stand at $54.82 billion, with total net assets at $151.45 billion.

Market observers suggest the parallel rallies reflect broadening crypto adoption. “The simultaneous growth of Bitcoin and Ether ETFs signals maturation beyond speculative trading,” said an analyst at SoSoValue.

Key takeaways

• Spot Ether ETFs inflows have surged for 16 straight days, totaling $9.33 billion since launch.

• BlackRock’s ETHA dominates with $10.69 billion in assets, while Grayscale’s ETHE bleeds $4.29 billion.

• Institutional demand could outstrip Ethereum’s supply by 7x, per Bitwise’s Hougan.

• Bitcoin ETFs rebound with $130 million inflow after a volatile week.