Ethereum Spot ETFs See $211.32 Million Inflows, Institutional Interest Surges

US Ethereum spot ETFs experienced a significant surge in inflows, reaching $211.32 million on 9 July. This marked the second-highest inflow in over five months and the third-highest for the year. The previous peak was $240.29 million on 11 June, while the highest inflow recorded was $307.77 million on 4 February. The all-time high for inflows remains at $428.44 million, achieved on 5 December 2024.

This surge in inflows indicates a growing institutional interest in Ethereum spot ETFs. The cumulative total net inflow for these ETFs reached $4.72 billion as of 9 July, with total net assets valued at $11.84 billion, representing 3.58% of the Ethereum market cap. BlackRock led the inflows with $158.62 million, followed by Fidelity with $29.53 million, Grayscale with $17.96 million, and Franklin with $5.21 million. No ETFs reported negative flows during this period.

The positive trend in Ethereum spot ETFs is part of a broader increase in interest in cryptocurrency investments. Onchain data and intelligence platform Glassnode noted that spot ETF flows remained positive for the eighth consecutive week, with inflows surpassing 61,000 ETH. This sustained interest is likely to benefit the price of Ethereum as it continues to rise.

The regulatory environment in the US is also contributing to the positive sentiment in the crypto market. US Senate Banking Committee Chairman Tim Scott emphasized the enduring presence of blockchain technology and digital assets, indicating regulatory support for the industry. Additionally, the US Federal Reserve's decision to keep the federal funds rate steady, coupled with the potential for future rate cuts, is seen as favorable for crypto assets.

Ethereum's price has been volatile, currently trading at $2,776, up 5.5% in a day and 7% in a week. Despite these fluctuations, the overall trend suggests a growing institutional interest in Ethereum spot ETFs, which is likely to support the coin's price in the long term.