Ethereum News Today: Ethereum ETFs Surpass $21.5B as Inflows Surge 369% in June

Ethereum-based exchange-traded funds (ETFs) have reached $21.5 billion in assets under management, driven by a 369% increase in inflows from June and a 20-day consecutive streak of net inflows. The surge has elevated Ethereum ETFs to near-parity with Bitcoin ETFs in terms of performance, with Ethereum’s price rising 60% from late June to nearly $3,933. The inflows have been led by BlackRock’s iShares Ethereum Trust (ETHA), now holding over $11.37 billion in assets, capturing 2.52% of Ethereum’s market capitalization [2].

Despite a recent 2.4% drop in Ethereum’s spot price over 24 hours, bringing it to $3,786, the token has still gained 53% over the past 30 days. This price resilience highlights Ethereum’s leadership in the altcoin cycle and contrasts with Bitcoin’s recent sideways movement. In July alone, Ethereum ETFs attracted $5.41 billion in net inflows, surpassing the combined inflows of the previous 11 months [2].

The performance of Ethereum ETFs has also outperformed Bitcoin ETFs during recent market corrections. On July 31, Ethereum ETFs recorded a $17 million net inflow, while Bitcoin ETFs faced a $115 million outflow—their first decline following a five-day positive streak. This shift in institutional sentiment is being driven by BlackRock’s ETHA and Fidelity’s FETH, which continue to attract new capital, whereas Grayscale’s ETHE saw a modest $6.8 million in outflows [2].

With Ethereum ETF assets now representing 4.77% of the total value of the Ethereum market, analysts are viewing the trend as a positive signal for the cryptocurrency’s long-term prospects. QCP Capital has noted that sustained institutional demand and growing ETH reserves in corporate treasuries could support further price gains. However, the firm has also warned that overextended funding rates may pose near-term resistance around the $4,000 level [2].

Glassnode, a blockchain analytics firm, has predicted that Ethereum could break through to $4,900 and approach the $5,000 psychological level [3]. If the current pace of ETF trading volume is maintained—$1.28 billion was reported on July 31—Ethereum could challenge its November 2021 all-time high of $4,878 sooner than expected, potentially triggering a new bull run led by altcoins.

The growing adoption of Ethereum ETFs reflects broader institutional confidence in the digital asset ecosystem and Ethereum’s evolving role within it. As ETF inflows continue to shape price action, the interplay between institutional demand and market dynamics will remain a key determinant in Ethereum’s trajectory [1].

Sources:

[1] Record Inflows Push Ethereum ETFs to $21.5B in Assets, Coindoo, https://coindoo.com/record-inflows-push-ethereum-etfs-to-21-5b-in-assets/

[2] ETH Price Falls, But Ethereum ETFs Keep Breaking Records, CryptoPotato, https://cryptopotato.com/eth-price-falls-but-ethereum-etfs-keep-breaking-records/

[3] Glassnode Predicts Major Ethereum Upside Toward New All-Time High, Coindoo, https://coindoo.com/glassnode-predicts-major-ethereum-upside-toward-new-all-time-high/