Ethereum: not a pump, but a capital attraction. ETFs are once again on a diet of billions.
On July 14 — Ethereum spot ETFs recorded a net inflow of $259 million, already the 7th day in a row. BlackRock (ETHA) took $151 million, Grayscale a modest $43.7 million. Total NAV — $13.767 billion, which is 3.8% of Ethereum's market cap.
The market is not boiling — but ETFs are pouring in, as if they know the script. This is not hype, it is boring institutional FOMO: no memes, no candles, no Caps Lock.
ETH stands like a skeptic at a party: it seems everything for growth is there, but it is just watching for now.
BlackRock is clearly not joking, while Grayscale seems to be in the role of "I'm here too".
Not a pump, not a dump — just quiet expansion. But when silent money enters, the market usually starts to speak louder.
