tl;dr
BlackRock’s iShares Ethereum Trust (ETHA) saw a record $489 million inflow on Wednesday, purchasing 148,585 ETH, the largest daily inflow since its July 2024 launch, with $1.8 billion in trading volume driven by institutional demand. Over five days, the fund gained $1.25 billion, nearly 20% of its t...
BlackRock’s iShares Ethereum Trust (ETHA) experienced a record-breaking inflow on Wednesday, attracting $489 million into the fund. This equates to 148,585 ETH purchased by BlackRock, marking the highest daily inflow since the fund’s launch in July 2024. Alongside, the fund saw unprecedented daily trading volumes of $1.8 billion, driven by soaring institutional demand for Ethereum.
Over the past five trading days, BlackRock’s Ether ETF accumulated an impressive $1.25 billion in inflows, representing nearly 20% of its total inflow since inception. Ethereum ETFs overall hit a new record for daily inflows at $720 million, shattering the previous high of $430 million. Fidelity's FETH fund recorded inflows of $113 million, its largest since December 2024, and Grayscale’s mini Ethereum Trust (ETH) observed $54 million in inflows, its best since November 2024.
The appetite for Ethereum in the ETF space is so robust that these funds are acquiring more than a hundred times the ETH produced daily. In total, U.S. spot ETFs now hold approximately 5 million ETH, around 4% of the entire Ethereum supply. Since inception, spot Ethereum ETFs have pulled in $6 billion, with half of that occurring within just the last five trading days.
Corporate treasuries are also playing a significant role. Currently, these entities hold 1.6 million ETH, valued at roughly $5.3 billion, buying Ethereum at a rate 36 times greater than daily production. In parallel, Ethereum-based digital investment funds have recorded twelve consecutive weeks of inflows, totaling $990 million—ranking as the fourth-largest weekly inflow on record.
On regulatory fronts, the U.S. Securities and Exchange Commission delayed its decision on in-kind redemptions for the Bitwise Bitcoin ETF Trust and Bitwise Ethereum ETF, according to a filing from July 16. Meanwhile, Ethereum’s price surged 7.5% on Wednesday to reach a six-month high of $3,420 in late trading, before settling around $3,350. Over the last two weeks, ETH has gained a remarkable 30%, outperforming Bitcoin’s 8.5% increase during the same timeframe.