- Ethereum ETFs saw $907.99 million in inflows this week, the highest since their July 2024 market debut.
- July 10 set a new daily inflow record of $383.10 million for Ethereum ETFs, backed by rising ETH prices.
- Ethereum’s 17% weekly price rally pushed it past $3,000, aligning with the surge in ETF investor demand.
Ethereum exchange-traded funds (ETFs) saw their strongest performance to date last week, recording $907.99 million in net inflows. According to data from SoSoValue, the funds posted their best weekly result since trading began on July 23, 2024.
Investor activity peaked on July 10, when Ethereum ETFs attracted $383.10 million in a single day. This figure set a new daily record for the funds and marked a critical point in their growth trajectory. Additional heavy inflows occurred on July 9 and 11, with $211.32 million and $204.82 million, respectively.
Ethereum Price Climbs Over 17% in a Week
Alongside the ETF inflows, Ethereum’s price rallied significantly, climbing over 17% during the same week. The increase pushed ETH past the $3,000 threshold on July 11. Market data from CoinMarketCap confirmed the sustained upward movement in price, which mirrored the renewed interest seen in ETF trading.
Market commentator Nate Geraci highlighted that three of the top 10 all-time Ethereum ETF inflow days occurred within this single week. The back-to-back surges underscored growing institutional interest in Ethereum-based investment products, despite previous hesitation in the months following their initial launch.
Ethereum ETFs Start to Mirror Bitcoin ETF Momentum
The surge in Ethereum ETF inflows has sparked comparisons with Bitcoin ETFs, which have traditionally led the market. However, recent developments show Ethereum catching up in terms of investor interest and fund growth. Reports have indicated that some asset managers, including BlackRock, are now acquiring more Ethereum than Bitcoin in their crypto fund allocations.
On July 10, BlackRock’s Ethereum ETF, known as ETHA, reached an important benchmark. The fund reported holdings of 2 million ETH, valued at approximately $300 million. This achievement marked a shift in capital movement, showing a growing preference for Ethereum-based assets.
