Spot Ethereum ETFs Achieve Record $5.43 Billion Inflows in July
In July, spot Ethereum exchange-traded funds (ETFs) saw record net inflows of $5.43 billion, a 369% increase from June's $1.16 billion. This marks the highest monthly inflow since their introduction.
Key points include:
- 20 consecutive days of net inflows.
- Cumulative net inflows across all spot Ether ETFs reached $9.64 billion, a 129% increase from June.
- Total net assets in these ETFs rose to $21.52 billion, doubling from $10.32 billion in June.
- Spot ETH ETFs now comprise 4.77% of Ethereum’s market capitalization.
- BlackRock’s ETHA ETF remains the largest, with $11.37 billion in assets.
- July saw Ethereum's price increase from $2,486 to a high of $3,933, nearly 60%, closing at $3,698 by month-end.
- Record ETF inflows coincided with Ethereum's strongest monthly price movement since October 2021.
The surge in inflows and positive market sentiment may position Ethereum to challenge its all-time high of $4,878 set in November 2021.
