Second-Biggest Week for U.S. Spot Ethereum ETFs at $1.85B
For the week ending July 18, U.S.-listed spot Ethereum ETFs drew $1.85 billion, the second-highest weekly inflow since these funds launched.
Spot Ethereum ETFs recorded $1.85 billion in net weekly inflows for the period ending July 25. BlackRock’s iShares Ethereum Trust (ETHA), Fidelity’s Wise Origin Ethereum Fund (FEETH) and other ETFs drew the new investment across U.S. exchanges.
The $1.85 billion figure trails only a record inflow of $2.18 billion logged in a previous week. Trading volumes in ETH ETFs hit $10.5 billion for the week, averaging $2.1 billion per day.
BlackRock’s ETHA accounted for over 70% of the week’s total inflows. The fund’s net assets now exceed $10.69 billion, with cumulative inflows reaching $9.35 billion. Fidelity’s FEETH and smaller issuers also reported net additions.
Spot ETH ETFs launched in July 2024 after SEC approvals. Since inception, these products have amassed over $19 billion in combined assets. The funds offer institutions and retail investors access to Ethereum’s price performance without direct custody requirements.
The inflow surge occurred as Ethereum traded above $3,600, near six-month highs. Daily trading activity in the ETFs exceeded previous records on three separate days during the week.
Franklin Templeton’s Ethereum ETF and ARK 21Shares’ offering also posted positive flows, though at smaller amounts compared to the leading products. ProShares’ leveraged ETH products saw mixed activity.
The week’s performance followed strong institutional interest in cryptocurrency investment products. Several pension funds and endowments have allocated capital to spot crypto ETFs since their launch.
ETF assets now represent approximately 4.3% of Ethereum’s total market capitalization. The products have captured significant market share from other institutional investment vehicles since becoming available.
Total ETF trading volume has increased 340% compared to their first month of operation, indicating growing market acceptance and liquidity.
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