The Ethereum ETFs have recorded a historic week, with their best weekly inflows since their launch last year. This comes in the same week that the ETH price has shown a resurgence, rallying over 17% and reaching the $3,000 level in the process.
Commenting on this development, market expert Nate Geraci noted in an X post that these funds took in over $900 million this week. He added that these inflows include three of the top 10 inflow days overall. Besides July 10, the two other top inflow days this week were July 9 and 11, when the ETFs recorded net inflows of $211.32 million and $204.82 million, respectively.
The milestone for the Ethereum ETFs this week coincides with the resurgence in the ETH price. The altcoin is up over 17% this week, according to CoinMarketCap data. Thanks to this rally, Ethereum hit the psychological $3,000 level on July 11 and looks primed to reach new highs.
It is worth noting that the BlackRock Ethereum ETF (ETHA) reached a new milestone of $1 million in its holdings on July 10. On that day, it hit 2 million ETH holdings valued at $300 million.