Spot Ethereum ETFs Shatter Records: $5.4B Floods In During July—Bull Run Just Warming Up?
Wall Street's crypto crush hits new heights as institutional money stampedes into ETH.
The dam breaks
Not your grandpa's slow-drip ETF—these spot Ethereum funds just pulled off a liquidity heist that'd make Ocean's Eleven blush. $5.4 billion materialized in July alone, proving even traditional finance can't resist blockchain's siren song when returns are on the line.
Smart money? More like FOMO money
Pension funds and hedge managers suddenly love 'decentralization' now that there's a regulated wrapper for it. Funny how that works—the same suits who mocked crypto in 2018 now fight for front-row seats to the ETH show.
What's next?
With this firehose of capital, Ethereum's infrastructure better brace for impact. Layer 2s are about to get stress-tested harder than a Lehman Brothers risk model in 2007. Buckle up, degens—the institutional rocketship just refueled.
Spot Ethereum ETFs Hit Milestone With $5.43 Billion Inflow
According to data from SoSoValue, the $5.43 billion net inflow in July also dwarfed May’s $564 million and April’s $66.25 million. It completely reversed the negative outflow trend seen in March, which saw a $403 million drop. As a result of this rise, cumulative net inflows across all spot Ether ETFs have now reached $9.64 billion, showing a 129% increase compared to June’s cumulative total.
The massive growth didn’t stop at inflows alone. Total net assets across all spot ETH ETFs jumped to $21.52 billion, doubling from $10.32 billion just a month earlier. These funds now account for 4.77% of Ethereum’s entire market capitalization, showing that ETFs are becoming a gateway for capital entering the ETH market.
Institutional interest has played a role in this growth as BlackRock’s ETHA remains the leading spot Ethereum ETF by assets, pulling in $18.18 million on July 31 and now holding $11.37 billion. Fidelity’s FETH also gained $5.62 million that same day, raising its net assets to $2.55 billion. Grayscale’s ETHE still manages a solid $4.22 billion asset base, even with a $6.8 million outflow, showing its continued relevance.
Ethereum Price Rallies As ETF Inflows Hit New Highs
The record-setting ETF inflows also lined up with a sharp price rally in ETH throughout July. ETH started the month at $2,486 and climbed to a high of $3,933, an increase of nearly 60%. By the end of the month, it had settled at $3,698, making July Ethereum’s strongest monthly price MOVE since October 2021. The steady rise in ETF inflows could be a key driver behind this surge, showing that more capital entering the space may have directly boosted market sentiment and pricing.
The ETH rally also marked the longest bullish monthly candle in nearly three years. As prices climbed, the spot ETFs recorded their longest-ever streak of daily net inflows, 20 days in a row without a single outflow after July 8. Some of the single-day gains came mid-month, including $726.7 million on July 16, $602 million on July 17, and $533.8 million on July 22.
Ethereum could challenge its all-time high of $4,878, set in November 2021, as its rising role in decentralized finance and the growing use of regulated investment vehicles could help the asset. If the current pace of inflows and trading activity continues, it could soon take center stage in a broader altcoin-led market cycle.
