Ethereum News Today: U.S. Spot Ethereum ETFs Record $533.9M Inflow, Third-Largest Daily Gain as Bitcoin ETFs Lose Ground

U.S. spot Ethereum exchange-traded funds (ETFs) recorded a net inflow of $533.9 million on July 22, 2025, marking the third-largest single-day gain since their launch, according to industry reports [1]. This surge in capital into Ethereum-based ETFs reflects a growing shift in investor focus from Bitcoin to the second-largest cryptocurrency, which has demonstrated sustained momentum in recent weeks [1]. The inflow was led by BlackRock’s iShares Ethereum Trust (ETHA), which attracted $426.2 million in net new money, followed by Grayscale’s Ethereum Mini Trust ($72.6 million) and Fidelity’s ether ETF ($35 million) [2]. The total inflow ranks behind record figures of $726.7 million and $602 million seen earlier in July but highlights accelerating institutional and retail demand for regulated exposure to Ethereum [2].

The performance of Ethereum ETFs sharply contrasts with Bitcoin ETFs, which experienced net outflows of $67.9 million on July 22, following $131.3 million in outflows the prior day [1]. Analysts attribute this divergence to Ethereum’s ongoing network upgrades and its role in decentralized finance (DeFi) ecosystems, which differentiate it from Bitcoin’s store-of-value narrative [1]. Vincent Liu, chief investment officer at Kronos Research, noted that a decline in Bitcoin’s market dominance and stable macroeconomic conditions have supported Ethereum’s gains, with ETH’s momentum likely to persist if these factors remain [1]. Nick Ruck of LVRG Research added that institutions are increasingly viewing Ethereum as a strategic reserve asset, offering “a second opportunity” for investors who missed Bitcoin’s earlier rally [1].

Corporate treasury strategies also contributed to the inflow. Companies such as SharpLink Gaming have announced plans to allocate significant portions of their balance sheets to ether, with Ethereum purchases surging since mid-May [1]. Bitwise CIO Matt Hougan highlighted a “demand shock” for ether since May 15, as ETFs and corporate treasuries bought approximately 2.83 million ETH—worth $10 billion—exceeding the network’s issuance by 32 times [1]. This imbalance between demand and supply has driven Ethereum’s price up over 65% in a month and 160% since April, Hougan noted [1]. He further projected that ETFs and treasuries could purchase $20 billion worth of Ethereum in 2025, with a potential 5.33 million tokens acquired amid a projected 800,000 ETH issuance over the same period [1].

Ethereum’s recent inflow follows a weaker initial phase post-launch, where ETFs and companies purchased only 660,000 ETH between May and July 2024, contrasting with Bitcoin’s 1.5 million coin reserve additions during the same period [1]. However, the recent acceleration in purchases, coupled with Ethereum’s proof-of-stake transition and potential upgrades, has positioned it as a more versatile asset for institutional portfolios [1]. Analysts caution that regulatory developments and macroeconomic shifts could influence future inflows, though current demand dynamics suggest Ethereum’s price trajectory will remain upward [1].

Sources:

[1] [title:Spot Ethereum ETFs saw $533.9 million in inflows, the 3rd largest single-day gain] [url:https://coinmarketcap.com/community/articles/6881395e439cf10408b23c72/]

[2] [title:U.S. spot Ethereum ETFs record $533.9 million net inflow] [url:https://www.theblock.co/post/363925/spot-ethereum-etfs-inflows-third-largest]