Spot Ethereum ETFs recorded their highest single-day inflows thus far on July 16, with traders injecting a mixed $726.74 million into 9 US-listed funds.
Information from SoSo Worth highlights renewed institutional curiosity in Ethereum, with BlackRock’s iShares Ethereum Belief (ETHA) capturing the biggest share of capital. The fund took in practically $500 million in a single day, pushing its whole belongings beneath administration to $7.7 billion.
Constancy’s Ethereum Fund (FETH) additionally recorded notable inflows, attracting over $113 million inside the similar interval.
In the meantime, different funds additionally confirmed optimistic traction as effectively in the course of the reporting interval.
Grayscale’s Ethereum-focused funds introduced in $87 million, Bitwise’s ETHW adopted with $14 million, and Franklin Templeton’s EZET registered a $5 million influx. Invesco’s QETH and VanEck’s ETHV added $3.7 million and $3.6 million, respectively.
Altogether, these Ethereum ETFs now handle $16 billion in belongings and have attracted greater than $6 billion in cumulative web inflows since launching.
The latest surge in inflows marks a big shift in market sentiment. After months of subdued exercise, curiosity in Ethereum funds started to get better in late April.
This development gained momentum by means of June and now seems to be accelerating, with the funds pulling $1.8 billion in new capital over the past 5 buying and selling classes.
Because of the most recent wave of capital, ETH value rose above $3,400, its highest degree in over six months.