Ethereum ETFs Surge to Record Inflows

Ethereum (ETH) spot exchange-traded funds (ETFs) registered the fastest “$1 billion leap” in net inflows in their history, jumping from $6 billion to $7 billion in just two days, according to Farside Investors’ data.

The previous record for inflows was five days, when the amount surged from $5 billion to $6 billion between July 10 and July 16.

Between July 16 and 17, US-traded spot Ethereum ETFs added $1.32 billion. This surge was heavily driven by BlackRock’s ETHA, which contributed $1.04 billion during this period, accounting for 79% of the inflow.

Notably, July 16 marked the highest daily inflows for Ethereum ETFs, with more than $726 million in assets captured.

ETF Institute co-founder Nate Geraci highlighted that ETHA is now the fifth-largest ETF in terms of weekly inflows, with $1.26 billion as of July 18, 4:00 P.M. UTC. This is an improvement, as ETHA was sixth-largest last week and has now joined the top-tier funds.

In parallel, BlackRock’s spot Bitcoin ETF, IBIT, has also seen significant traction, being the first to approach nearly $3 billion. Consequently, two crypto-related ETFs are now among the top five by weekly net flows out of over 4,300 funds worldwide.

Third-largest Weekly Inflow Ratio

Moreover, Ethereum ETFs are poised to register one of the most substantial weekly inflow ratios compared to Bitcoin ETFs. As of July 17, total inflows into ETH-related funds reached nearly $1.78 billion, versus $2.02 billion for Bitcoin ETFs. This results in an ETH/BTC inflow ratio of 88%, which is the third-largest weekly ratio in history.

The largest ratio on record, at 206.2%, occurred in the week from February 3 to 7, when Ethereum ETFs absorbed $420.2 million compared to $203.8 million from Bitcoin ETFs. The second-largest ratio was 157%, with Ethereum ETFs attracting $557.8 million while Bitcoin ETFs captured $355.2 million between November 25 and 29.