TL;DR
- Ethereum ETFs in the US just hit a new milestone, pulling in $726 million in a single day and lifting ETH’s price above $3,400 for the first time in over six months.
- BlackRock’s iShares Ethereum Trust led the surge with $500 million in fresh capital.
- Analysts highlight growing institutional appetite, strong fundamentals, and treasury adoption as driving factors behind Ether’s impressive momentum.
Ethereum’s latest rally comes on the back of record-breaking capital inflows into nine spot ETFs listed in the United States. On July 16, these funds attracted a combined $726 million, according to data from Farside, making it the biggest single-day inflow to date. BlackRock’s iShares Ethereum Trust (ETHA) dominated the inflows, collecting nearly $500 million alone and boosting its total assets under management to $7.7 billion. Fidelity’s FETH followed closely with $113 million in fresh investments during the same session.
Grayscale, Bitwise, Franklin Templeton, Invesco, and VanEck’s ETH-focused products also posted healthy numbers, pushing the combined assets under management for US-listed Ethereum ETFs to $16 billion. Since their debut last year, these funds have seen net inflows of over $6 billion.
Treasury Holdings Add To Bullish Setup
Part of the optimism stems from the trend of public companies adding Ether to their balance sheets. SharpLink Gaming, backed by Consensys, recently became the biggest single private holder of ETH, accumulating more than 280,000 tokens. Arkham data confirmed an extra 20,000 ETH purchase this week alone. This move placed SharpLink ahead of the Ethereum Foundation’s known treasury.
This growing adoption is reinforcing the view of Ethereum as a long-term institutional asset, rather than just a speculative trade. Rachael Lucas of BTC Markets points out that these ETFs now control about 4% of ETH’s total market cap, a figure likely to expand as daily trading volumes exceed $2.5 billion and more funds rotate from Bitcoin.
Outlook For Ethereum Remains Upbeat
Market analysts say Ethereum’s limited supply growth, vibrant ecosystem, and the latest ETF flows create fertile ground for further gains. LVRG Research’s Nick Ruck argues that ETH remains undervalued given its evolving fundamentals and strong demand trends. With its price pushing above $3,400 and technical charts turning bullish, many traders see a path back toward the previous all-time high near $4,600 if momentum holds.
So far in July alone, ETH ETFs have absorbed $2.27 billion, marking their strongest month since launch. As traditional finance keeps tapping into Ethereum’s potential, crypto advocates believe this is only the beginning.
