BlackRock’s $137M ETH buy via ETHA fueled the fund’s biggest daily inflow and boosted weekly Ethereum ETF flows to $629M.
Ethereum ETFs saw $908M in net inflows this week as institutions ramped up exposure ahead of a possible ETH breakout.
ETHA, FETH, and ETHE led ETF trading volumes while most other Ethereum products saw little to no daily investor activity.
BlackRock just made headlines with an Ethereum purchase worth $137 million, reinforcing growing institutional demand. This fresh buy-in, made through the iShares Ethereum Trust (ETHA), contributed heavily to a new inflow record. On Thursday alone, ETHA attracted over $300 million in capital. Consequently, it marked the fund’s biggest single-day total since launch. Together, these moves brought ETHA’s weekly inflows to $629 million, underlining a massive confidence boost in Ethereum.
Moreover, Thursday’s activity was the second-highest single-day net inflow across all Ethereum ETFs since July 2024. U.S.-listed Ethereum spot ETFs, according to SoSoValue, brought in nearly $908 million in net inflows just this week. Hence, institutional investors are clearly positioning themselves ahead of what could be another Ethereum breakout.
ETHA, FETH, and ETHE Dominate Trading Flows
Besides ETHA’s strong showing, other Ethereum-focused ETFs also saw major inflows. Fidelity’s FETH pulled in $37.3 million, while Grayscale’s ETH and ETHE products gathered $20.7 million and $18.9 million, respectively. Additionally, Bitwise’s ETHW brought in $3.2 million and VanEck’s ETHV added $2.1 million.
Most of this activity came on Thursday, which emerged as the busiest trading day of the week. ETF inflows cooled slightly by Friday, but still reached a solid $204 million. Grayscale led the day with $25 million for ETH and $10 million for ETHE. Fidelity followed with $12 million in FETH inflows. Bitwise, 21Shares, and VanEck also recorded healthy contributions.
Trading Patterns Show Concentration Around Key Assets
Furthermore, trading data between June 23 and July 11 reflected clear trends in volume distribution. ETHA and FETH led the way, with ETHA topping 300 units on July 10. In contrast, most other Ethereum derivatives saw either minimal or zero daily volume.
Sporadic activity occurred in products like ETHW and ETHE, especially on high-volume days. Despite fluctuating volumes, fee structures across platforms remained steady. Most charged between 0.15% and 2.50% per transaction.
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