Ethereum News Today: Ethereum ETFs See $726.74M Inflow Driving 30% Price Surge

Ethereum ETFs have recently experienced unprecedented demand, driving significant inflows and contributing to the cryptocurrency's price surge. On July 14, spot Ethereum ETFs recorded a record inflow of $726.74 million, with major financial institutions leading the investments. This influx of capital has propelled Ethereum's price to new heights, reaching over $3,200 and later surpassing $3,400. The sustained institutional interest is evident in the continued high inflows, with spot Ether ETFs seeing net inflows of $192.3 million on July 15, primarily driven by BlackRock's ETHA, which contributed over $171 million.

BlackRock’s Ethereum ETF shatters records with $489M inflow, ETH rallies 30% in two weeks. BlackRock's iShares Ethereum Trust (ETHA) just posted its biggest day ever, pulling in $489 million—its largest inflow since launching in July. That came with a massive $1.8 billion in trading volume, signaling a major surge in institutional interest. Over the past five trading days, ETHA alone attracted $1.25 billion, making up nearly 20% of its total inflow since inception. The excitement wasn't limited to BlackRock. Across all U.S. Ethereum ETFs, daily inflows hit a record $720 million, crushing the previous high of $430 million. Fidelity’s FETH saw $113 million, and Grayscale’s mini trust added $54 million—both posting their best days in months.

With ETFs now holding 5 million ETH (4% of the total supply), demand is outpacing supply by an enormous margin. Ethereum-focused treasuries also hold $5.3 billion worth of ETH and are buying at 36 times the rate of daily ETH production. On top of that, ETH investment funds have logged 12 straight weeks of inflows, including $990 million just last week. Meanwhile, ETH’s price hit a six-month high of $3,420 before settling near $3,350—up 30% over the last two weeks and well ahead of Bitcoin’s 8.5% gain in the same period.

The robust demand for Ethereum ETFs is not an isolated event but part of a broader trend of institutional adoption. Over the past two weeks, Ethereum spot ETFs have recorded over $1.3 billion in inflows, indicating a strong and growing interest from institutional investors. This trend is further supported by the record-breaking $1 billion net influx into spot ETFs, highlighting the increasing institutional confidence in Ethereum as an investment asset.

The surge in Ethereum's price and the record inflows into ETFs can be attributed to several factors. Institutional investors are increasingly recognizing the potential of Ethereum as a store of value and a medium for decentralized applications. The record inflows into spot Ether ETFs suggest that institutional investors are bullish on Ethereum's long-term prospects. This institutional demand is likely to continue driving Ethereum's price higher, as more investors seek exposure to the cryptocurrency through regulated investment vehicles.

The record inflows into Ethereum ETFs also reflect the growing acceptance of cryptocurrencies by traditional financial institutions. As more institutional investors enter the market, the demand for Ethereum is likely to remain strong, driving further price appreciation. The sustained institutional interest in Ethereum ETFs is a positive sign for the cryptocurrency's future, as it indicates that institutional investors are increasingly viewing Ethereum as a viable investment option.

In summary, the record inflows into Ethereum ETFs and the resulting price surge highlight the growing institutional demand for the cryptocurrency. The sustained interest from institutional investors is likely to continue driving Ethereum's price higher, as more investors seek exposure to the cryptocurrency through regulated investment vehicles. The record inflows into Ethereum ETFs also reflect the growing acceptance of cryptocurrencies by traditional financial institutions, indicating a positive outlook for Ethereum's future.