🚀 Ethereum ETFs Explode: $533.9M Inflows Mark 3rd Largest Single-Day Haul

Wall Street's crypto crush hits new highs as spot Ethereum ETFs devour half a billion in a day.

### The institutional floodgates are open

Digital asset managers just racked up their third-best performance ever—proof even traditional finance can't resist yield when it's wrapped in blockchain packaging. The $533.9 million surge screams one thing: ETH isn't just 'digital oil' anymore, it's becoming the whole damn refinery.

### When ETFs bleed inflows, crypto drinks champagne

While legacy markets nickel-and-dime over basis points, crypto's permissionless pipes move fortunes before lunch. This isn't your grandpa's slow-drip 401(k)—it's capital on crypto-time. (And yes, bankers are still 'evaluating the risks' from their 2017 PowerPoint decks.)

The takeaway? When ETFs sneeze, the whole market catches FOMO.

Ethereum’s recent rally comes from a surge in structural demand

In a July 22 memo, Bitwise CIO Matt Hougan described what he called a “demand shock” for ether. He wrote that since May 15, ETFs and corporate treasuries have bought approximately 2.83 million ETH, worth about $10 billion. That is about 32x the number of ETH minted by the network over the same period.

Hougan said that over the past month alone, ether has jumped over 65%, and since April, the price has climbed over 160%. He argued that this rise is driven by the imbalance between fresh demand and new supply, rather than changing market sentiment.

Since US spot BTC ETFs began trading at the start of last year, funds on Wall Street, public companies including TRUMP Media and Strategy, and some governments have added over 1.5 million Bitcoins to their reserves, compared with only 300,000 newly minted coins. This roughly 5 to 1 demand advantage helped push bitcoin’s price up about 155%, making it the highest performer in this time. “Five times more demand than supply. Sometimes it really is that simple,” Hougan wrote.

Ethereum’s early rally run did not see strong demand

In the first ten months after spot ETH ETFs launched in the mid of 2024, these funds bought just 660k coins with roughly $2.5 billion in net new money, while public companies added only small amounts, and the network issued about 543,000 ETH. As a result, ether trailed behind bitcoin’s performance over that stretch.

Then, spot ETH products ramped up their purchases in mid-May. They have since bought over $5 billion worth of ether, while companies such as SharpLink Gaming, Bit Digital, BitMine Immersion, and The Ether Machine, revealed large‑scale treasury plans. 

These companies purchased around 2.83 million Ethereum, a MOVE that likely helped the token break above $3,800.

Looking ahead, Hougan forecasted that ETFs along with corporate treasuries may purchase $20 billion worth of Ethereum over 2025. That WOULD be around 5.33 million tokens. 

At the same time, the network would only issue around 800,000 Ethereum in this time frame. He mentioned that investors remain underexposed to Ethereum in comparison with bitcoin but also expects that to change as stablecoin and tokenization trends grow.

“In the short term, the price of everything is set by supply and demand, and right now, there is more demand for ETH than supply,” Hougan wrote. “As a result, I think we’re heading higher.”

Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites