Key Takeaways:
- Ethereum ETFs break their record 19-day net inflow streak adding $5.38 billion.
- The funds are now collectively holding 5.7 million ETH — about 4.7% of ETH’s circulating supply.
- BlackRock’s ETHA ETF is at the lead of the inflow, with over $11.6 billion in holdings only.
Spot Ethereum ETFs Add $5.38B in Record 19-Day Inflow Run
U.S. spot Ethereum exchange-traded funds (ETFs) have matched their longest-ever inflow streak, hitting 19 consecutive days with net capital inflows. This current streak, which began on July 3, has added an impressive $5.38 billion, with an average daily inflow of $282.9 million. This significantly surpasses the previous 19-day run between May 16 and June 12, which brought in $1.37 billion.
While Wednesday’s inflow of $5.8 million was the smallest of this streak, it helped push total ETF holdings to 5.7 million ETH — roughly 4.7% of Ethereum’s estimated 120.7 million circulating supply. This surge reflects growing investor confidence in Ethereum’s long-term potential under the new U.S. crypto regulatory environment.
BlackRock’s ETHA Leads Inflows as Staking Approval Looms
The market is propelled by BlackRock’s ETHA ETF. It accounts for $4.19 billion (78%) of the latest inflows alongside more than 3 million ETH worth $11.6 billion. Next to that, we can mention Fidelity’s FETH with the inflow of $591.7 million and Grayscale’s mini ETH product with $451 million. At the same time, Grayscale’s legacy ETHE fund experienced net outflows of $6.5 million.
The total net inflows for Ethereum ETFs from their July 2024 debut have amounted to $9.7 billion.
Moreover, the SEC has given the green light for in-kind redemptions for both Bitcoin and Ethereum ETFs, a change anticipated to lower costs and enhance liquidity. There is also a growing rumor about the possible implementation of staking functions in Ethereum ETFs – a step that BlackRock is supporting and the SEC is currently considering.
Summary
Ethereum ETFs, with a 19-day inflow streak and nearly 5% of the total ETH supply captured, are gaining significant attention from institutional crypto investors. BlackRock is still at the forefront and with the SEC signal to staking, the next chapter of ETF breakthrough might be very close.
