Ethereum ETFs Snap 20-Day Inflow Streak as $152M Flees – Bull Market Pause or Warning Sign?

Ethereum ETFs just hit their first major speed bump. After 20 straight days of bullish inflows, the market saw a sudden $152 million exit—was this profit-taking or panic?

What broke the streak?

Analysts are split: some call it a healthy correction after ETH’s 2025 rally, while others whisper about institutional cold feet. Either way, crypto’s second-largest asset isn’t getting the free pass it enjoyed last month.

Wall Street’s crypto flirtation hits turbulence

Traditional finance’s latest ‘when in doubt, ETF it out’ strategy faces its first real test. Funny how $152 million vanishing makes bankers suddenly remember volatility exists.

ETHA levels up

Until June 30, Ethereum ETFs registered around $4.3 billion in inflows. By adding close to $5.4 billion in positive net flows last month, Ethereum ETFs increased their flows by 126%.

BlackRock’s ETHA was the main reason behind the growth of Ethereum ETFs. Asby Bloomberg senior ETF analyst Eric Balchunas, ETHA was the third-largest ETF by inflows in July, registering close to $4.2 billion and representing 78% of the total.

BlackRock’s Bitcoin ETF, IBIT, and Vanguard S&P 500 ETF (VOO) were the two funds besting ETHA. 

Usually, Balchunas calls the high flows into VOO and IBIT as “beta with a side of Bitcoin.” Yet, he highlighted on August 4:

As of August 1, ETHA shows over $9.7 billion in cumulative flows.