BlackRock dominates Ethereum ETF volume, recording over $2.15 billion in daily activity, signaling strong institutional conviction in ETH.
Ethereum ETF inflows continued for 12 consecutive days, totaling 51,800 ETH, while futures trading volume jumped 27% this week.
First-time Ethereum buyers rose by 16% in July, confirming rising interest from both institutional giants and retail investors amid ETH’s rally.
Spot Ethereum ETF volume exploded to over $3.1 billion today, thanks to huge inflows from some of the major asset management firms. The record volume shows growing institutional confidence as Ethereum heads towards the $4,000 mark.
BlackRock Dominates with $2.15 Billion in Volume
Watcher. Guru reported that BlackRock alone drove over $2.15 billion in volume, leading the pack by a wide margin. Grayscale followed with $335 million, while its Grayscale Mini fund contributed another $298 million. Fidelity also made a strong showing at $257 million. Additional activity came from Bitwise, 21Shares, VanEck, Franklin Templeton, and Invesco, confirming broader participation across institutional platforms.
https://twitter.com/WatcherGuru/status/1947398535256650022
The surge comes during Ethereum’s ongoing rally, with the asset gaining more than 24% over the past week. Spot ETFs have now recorded 12 straight days of net inflows, adding approximately 51,800 ETH—equivalent to around $194.5 million. Glassnode data shows that Ethereum futures volume has also jumped by 27%, reinforcing a wider spike in trading activity.
The blend of the active spot ETF and the momentum of the futures makes stress on new institutional business and skyrocketing market belief.
Ethereum Price Pushes Toward $4,000
Ethereum breached the $3,000 threshold last week and has held steady near $3,715 as of writing. Market watchers now turn to the $4,000 psychological level as the next key resistance. With momentum from both spot ETFs and derivatives, Ethereum appears well-positioned for another breakout if current levels hold.
The influx of capital suggests that major players are positioning ahead of a potential sustained move higher. The $3.1 billion ETF volume not only reflects buying interest but also signals confidence in Ethereum’s longer-term value proposition.
First-Time Buyer Surge Adds to Market Strength
While institutional flows dominate headlines, retail activity is also climbing. According to Crypto Rand, the number of first-time ETH buyers has increased by 16% since July began.This retail expansion supports institutional appetite and suggests that Ethereum’s rally is unified.
https://twitter.com/crypto_rand/status/1947446744914268271
With established funds and new retail investment, Ethereum's move is evident through widespread participation and growing conviction.
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