🚀 Ethereum ETFs Smash $5B Net Flow Milestone—BlackRock’s ETHA Scores 6th Highest Inflow Week Ever

Wall Street's crypto love affair hits new highs as Ethereum ETF demand goes parabolic.

BlackRock's ETHA fund just racked up its sixth record-breaking week—proof even traditional finance can't ignore ETH's gravitational pull.

Meanwhile, bankers still trying to explain why they called it 'a scam' in 2022.

$1 billion added in 12 sessions

Ethereum ETFs launched on July 23, 2024, and crossed $4 billion in cumulative flows on June 23, achieving this milestone in 231 trading days. 

The first $3 billion required 216 sessions. By contrast, the jump from $4 billion to $5 billion occurred in just over two weeks of trading, including five consecutive days with total inflows exceeding $200 million.

Aggregate daily data from July show that ETHA alone drew $300.9 million on July 10, followed by $158.6 million on July 9 and $137.1 million on July 11. 

Other issuers such as Fidelity (FETH) and Bitwise (ETHW) posted consistent additions, while Grayscale’s legacy ETHE product saw redemptions.

Due to the recent additions, spot Ethereum ETFs now represent over 10% of the total inflows of bitcoin ETFs traded in the US.