Spot Ethereum ETFs had their twentieth straight day of web inflows as of July 31, the longest streak of constructive flows since their debut.
In line with knowledge from SoSoValue, these funds attracted a mixed $17 million in web inflows on the day.
This sustained momentum has pushed complete inflows throughout the 9 spot ETH ETFs to almost $5.4 billion, considerably increased than the cumulative flows seen in earlier months.
In reality, this month’s inflows are roughly thrice larger than the second-highest month since launch.
BlackRock’s spot ETH ETF, ETHA, led the cost with $4.2 billion in month-to-month inflows, accounting for 78% of all capital flowing into Ethereum ETFs.
Bloomberg ETF analyst Eric Balchunas highlighted the tempo of progress, calling it “wild.” He famous that if Bitcoin ETFs didn’t exist, ETHA could be the quickest ETF in historical past to succeed in $10 billion in property, beating earlier data by almost 2x.
These constant positive factors have considerably boosted the full web property below administration. The spot Ethereum ETFs now maintain $21.52 billion in web property, representing 5% of Ethereum’s complete market capitalization.