Ethereum ETFs Smash Records with $727M Single-Day Inflow Surge

Spot Ethereum ETFs posted a record-breaking net inflow of $726.74m on July 16, according to data from SoSoValue.

This marks the largest single-day inflow in the category’s short but rapidly growing history, pushing total cumulative net inflows to $6.48b.

It’s a turning point for Ether ETFs, which initially faced investor hesitation following their approval last year.

BlackRock’s ETHA led the pack with a staggering $499.25m in net inflows in one day, bringing its cumulative total to $7.11b. The ETF now holds $7.73b in net assets, with a market share of 1.90% of all Ethereum.

Fidelity’s FETH followed with $113.31m in inflows, while Grayscale’s ETHE added $33.04m despite lingering effects from early redemptions.

Ethereum Tops $3,200, Outpaces Bitcoin and Solana in Daily Gains

The surge came as Ethereum crossed the key $3,200 threshold, rising more than 6.8% on the day to trade near $3,347. It outpaced both Bitcoin and Solana, reflecting growing institutional interest in the asset. Daily volumes soared, and total value traded across ETH spot ETFs reached $2.59 billion.

Open interest in ETH futures has also reached a new peak of $45b, up 60% since late June. This surge in derivatives activity points to increased institutional positioning and heightened expectations of further price momentum.

ETH Gains Attributed to Staking Yields, Deflation and Long-Term Utility

Bitget Wallet CMO Jamie Elkaleh said Ethereum’s current momentum signals more than short-term bullishness. “Ethereum is emerging as the yield-generating infrastructure play,” he said, citing staking yields of 4% to 6% and deflationary supply mechanics post-EIP-1559.

“BlackRock’s accumulation of ETH is not just about price upside—it’s a strategic position in what many see as the backbone of future onchain finance,” he added.

ETH ETFs are now seen as a bridge between crypto-native strategies and traditional finance. BlackRock’s accumulation, for instance, is widely viewed as a long-term bet on Ethereum’s growing role in powering decentralized finance, NFTs and Web3 infrastructure.

Investor Confidence Returns as Redemption Pressure Fades

These record inflows are especially notable considering that many ETFs struggled with outflows during their early months, largely due to Grayscale trust redemptions. The July reversal suggests renewed investor confidence, now that redemption-driven selling has waned.

Despite the bullish narrative, risks persist. Regulatory ambiguity around whether ETH qualifies as a security continues to hang over the market. Meanwhile, competition from high-speed alternatives like Solana and Layer 2 scaling solutions could splinter Ethereum’s dominance.

Still, Ethereum’s appeal lies in its dual identity, as both a yield-bearing financial instrument and the backbone of onchain innovation.