Ethereum ETFs Surge 27% in Two Weeks Driven by Institutional Demand

Ethereum has once again proven its institutional value. Within just 12 trading days of surpassing the $4 billion mark, spot Ethereum ETFs collectively reached over $5 billion in net inflows, indicating a growing confidence among investors in ETH’s long-term sustainability.

Leading this surge is BlackRock’s iShares Ethereum Trust (ETHA), which not only ranks as the sixth-largest inflow among all U.S. ETFs but also achieved a remarkable single-day intake of over $300 million. This influx underscores the increasing importance of ETHA on Wall Street, as noted by ETF analyst Eric Balchunas.

Ethereum ETFs, which began cautiously in early 2025 following the success of spot Bitcoin ETFs, have since gained significant momentum. This growth is driven by increased macroeconomic certainty, the development of decentralized finance (DeFi) use cases, and the reputations of brands like BlackRock and Fidelity. As of July 11, total net inflows for all Ethereum ETFs had surpassed $5.1 billion, up from $4 billion just two weeks earlier. BlackRock’s ETHA alone received $675 million in inflows in the previous week, outperforming several long-established stock ETFs.

Last week marked the highest week for Ethereum ETFs ever, with inflows totaling $907 million, with BlackRock’s ETHA taking the lion’s share. This is the sixth consecutive week of positive ETH inflow momentum, signaling that Ethereum is more than just a Bitcoin alternative; it is a critical component of the future financial web. BlackRock’s fund currently holds over 2 million ETH, bringing its total assets under management (AUM) to $5.5 billion. Ethereum ETFs jointly manage nearly $13 billion in ETH, accounting for 3.8% of Ethereum’s entire market capitalization, a significant concentration of long-term demand.

These substantial accumulations are reducing ETH’s circulating supply, creating a severe demand-supply imbalance that could drive price increases for the rest of 2025. Ethereum’s persistent ETF flows are helping to keep the asset above the $3,000 mark, potentially setting it for new all-time highs. Analysts suggest that Ethereum’s growing ETF dominance could replicate the effect seen with Bitcoin earlier this year, when BTC climbed past $100K. The demand across Ethereum and Bitcoin ETFs outpacing new token issuance supports the idea of decreased sell pressure and improved investor confidence. This could allow Ethereum to trade closer to its prior all-time highs, or even break above them, especially if macro liquidity conditions improve.

The recent surge in Ethereum ETF inflows marks a pivotal moment for the asset. With ETHA being a top inflow vehicle and Ethereum’s use cases gaining widespread acceptance, institutions are clearly recognizing ETH as an infrastructural cornerstone rather than a speculative asset. Whether Ethereum hits $4,000 or higher this year depends on market conditions, but the ETF flow velocity shows no signs of slowing down. For long-term investors, the message is clear: Ethereum is no longer just a technical platform but an institutional asset class.