Ethereum News Today: Ethereum ETFs See 370% Inflow Surge to $726.74 Million

Ethereum ETFs experienced a significant surge in inflows, reaching $726.74 million on July 16. This marked a substantial increase from the previous day's $192.3 million, representing a 3.7x rise. The inflows boosted total Ethereum ETF net assets to $16.41 billion, with ETH trading near $3,443. This influx indicates a renewed wave of institutional interest, driven by major asset managers. BlackRock added 159,101 ETH worth $499.2 million, and Fidelity acquired 36,110 ETH valued at $113.3 million. These acquisitions accounted for nearly 85% of the day's total inflow, underscoring the confidence among top funds.

ETH’s price structure revealed bullish continuation patterns, including a falling wedge and bull flag breakout. Analysis by Merlijn The Trader sets a technical price target of $3,834, reflecting growing momentum. Ethereum's relative performance versus Bitcoin has improved significantly, suggesting the market is entering a phase where Ethereum outperforms Bitcoin. This phase often triggers a shift in investor preference. Metrics from Coinglass further reinforce this trend, showing elevated long/short ratios and bullish derivatives sentiment.

Additionally, Ethereum’s metrics dashboard shows exponential growth in tokenized assets, particularly from real-world asset protocols. This expansion complements the ETF activity and signals increasing utility and trust in Ethereum’s infrastructure. Meanwhile, the platform’s clear ZK-rollup scaling roadmap adds to long-term investor confidence. Trading volumes and open interest have also spiked, pointing to sustained speculative interest. Derivatives data confirm a 34% jump in volume alongside a 8.14% rise in open interest. ETH is now technically and fundamentally positioned to continue its upward trajectory, especially if inflows and demand persist.