ETH Surges 2.82% as ETF Inflows Hit $703M, BlackRock Sets Record With $300M in a Day

Ethereum (ETHUSDT) has experienced a 2.82% price increase over the last 24 hours, rising from 2,956.30 to 3,039.55 on Binance. This price movement is primarily attributed to strong net inflows into Ethereum ETFs, with July 11 marking the best day of 2025 for ETH ETFs as BlackRock’s ETHA fund saw a record $300 million inflow and total ETF netflows reached $703 million for the week. Additional support comes from the launch of Sharia Earn, a halal staking product for ETH, and growing institutional holdings, as well as a notable increase in open interest in ETH futures above $3.2 billion. The market also saw heightened trading activity, with Binance recording over 548,257 ETH traded in the last 24 hours and a live market cap of approximately $365 billion. Ethereum’s price fluctuated between $2,940 and $3,065 during this period, with over 29% of its supply staked and significant liquidations totaling $21.03 million in long positions and $8.59 million in short positions, reflecting ongoing volatility around key resistance levels.