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