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 complete property underneath 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 properly 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 property and have attracted greater than $6 billion in cumulative internet inflows since launching.
The current surge in inflows marks a major shift in market sentiment. After months of subdued exercise, curiosity in Ethereum funds started to get better in late April.
This pattern gained momentum by June and now seems to be accelerating, with the funds pulling $1.8 billion in new capital during the last 5 buying and selling periods.
On account of the most recent wave of capital, ETH value rose above $3,400, its highest degree in over six months.
