Ethereum ETFs See Nine Weeks of Inflows, $211.32 Million on July 10

Ethereum ETFs have experienced an impressive streak of nine consecutive weeks of inflows, signaling a growing institutional confidence in the cryptocurrency. This sustained interest from investors is driven by the stablecoin and tokenization narrative, which has bolstered investor confidence in Ethereum. Notably, on July 9, US Spot Ethereum ETFs witnessed a significant inflow of $206.57 million, marking the fourth consecutive trading day of robust inflows. This trend continued with US spot ETH ETFs recording net inflows of $211.32 million on July 10, reinforcing the broader investor interest in ETH.

The inflows have been particularly notable in recent days, with US spot ETH ETFs clocking their second-highest daily net inflows worth $383.1 million on July 10. This surge in inflows has stretched the streak of positive flows to five consecutive days, totaling $468.63 million. The data from SoSoValue indicates that this trend of positive inflows has been consistent for nine consecutive weeks as of July 10, further underscoring the growing interest in Ethereum ETFs.

The inflows have been driven by various factors, including the broader crypto market rally and demand from institutional investors. The Ethereum price has also surged, reaching $3,000 following strong inflows into ETFs. This price movement has been supported by the significant inflows into Ethereum ETFs, which have crossed key levels and continued to attract investor attention.

The inflows into Ethereum ETFs have been particularly notable for BlackRock's Ethereum ETF, which led $383 million inflows on July 10. The total ETH holdings for BlackRock's ETF have now crossed 2 million, with total inflows exceeding $6 billion since inception. This surge in inflows has been driven by a massive single-day purchase of 106,827 ETH worth $300 million, marking the largest single-day purchase by the asset manager since the launch of the ETF. The ETHA share price has also shown strength, surging 5% to $22.5, with record trading volumes in the last two days.

This pattern mirrors the early stages of Bitcoin ETF demand, which historically led to notable price surges. Ethereum may now be on a similar trajectory, especially as the market matures and regulatory frameworks become clearer. For everyday ETH holders, this is an encouraging sign. Sustained ETF inflows often act as a tailwind for price momentum. It reflects confidence not just in Ethereum as a token but in its long-term utility and market relevance.

While price volatility is part of crypto’s nature, these nine weeks of Ethereum ETF inflows may help cushion sharp dips and create a more stable price environment. For those still on the sidelines, the market seems to be sending a loud and clear message: you’re not bullish enough. The continued inflows into Ethereum ETFs are likely to support the price of Ethereum in the coming weeks, as investors remain bullish on the cryptocurrency's prospects.