Ethereum News Today: Ethereum ETFs Surge 20% as BlackRock's ETHA Attracts $1.32 Billion

Between July 16 and 17, U.S.-listed Ethereum ETFs experienced a remarkable surge, attracting $1.32 billion in inflows. This influx was predominantly driven by BlackRock’s ETHA, which accounted for 79% of the total inflows. Notably, July 16 alone saw inflows exceed $726 million, marking the strongest single day ever for Ethereum ETFs.

As of July 18, ETHA has climbed to fifth place among all ETFs worldwide in terms of weekly inflows, drawing $1.26 billion. This positions both ETHA and BlackRock’s IBIT—its spot Bitcoin ETF—among the global top five funds by net weekly flows, out of over 4,300 ETFs. This surge highlights Ethereum’s accelerating institutional appeal and places ETH ETFs firmly in the global spotlight.

Ethereum is also closing the gap on Bitcoin in terms of inflow ratios. ETH ETFs have seen $1.78 billion in inflows this week versus $2.02 billion for Bitcoin, putting the ETH/BTC inflow ratio at 88%—the third highest ever recorded. The all-time record remains 206.2%, set in February. This shift in investor preferences towards Ethereum reflects a growing confidence in the cryptocurrency as an investment asset, with ETFs playing a crucial role in facilitating institutional participation in the market.

The explosive growth in Ethereum ETFs underscores the increasing demand for the cryptocurrency. The rapid intake of funds not only surpassed the previous record of five days but also pushed the total inflows to over $7 billion. This surge in ETF investments coincided with a notable increase in the price of ether, which rose over 20% in the past week, briefly topping $3,600 before correcting to $3,560. The growing institutional appetite for Ethereum, coupled with record-breaking ETF inflows, has driven the price of Ethereum above $3,660, reflecting a strong market sentiment and increasing demand for the cryptocurrency.

The inflows were particularly concentrated, with BlackRock's iShares Ethereum Trust attracting $499 million in a single day, while Fidelity's Ethereum Fund captured $113 million. This back-to-back record-breaking performance underscores the growing interest and confidence in Ethereum as an investment asset. The asset manager's acquisition of 307,461 ETH valued at $1.11 billion over just two days, bringing total holdings to 2.46 million ETH worth $8.9 billion, further highlights the significant capital inflows into Ethereum ETFs.

The surge in ETF investments has also led to a historic first, with Ethereum funds outperforming Bitcoin in daily flows, reflecting a shift in investor preferences towards Ethereum. The rapid influx of capital into Ethereum ETFs has set the stage for potential further price appreciation, as ETH approaches the $4,000 key level, driven by the largest weekly inflows recorded after attracting over $1.78 billion in the past four days. This trend suggests that Ethereum is gaining traction as a preferred investment option among institutional investors, who are increasingly turning to ETFs as a means of gaining exposure to the cryptocurrency market.