🚨 ETH ETF Frenzy: Record $726.6M Inflows Hit US Spot Ethereum ETFs on July 16

On July 16, U.S. spot Ethereum ETFs saw their largest single-day net inflows since launch, totaling $726.6 million — a massive vote of confidence in $ETH from institutional investors.

📊 What the Data Shows:

• 💰 Total Net Inflow: $726.6M in just one day

• 🏆 Led by iShares (BlackRock) with 55,984 ETH added (~$180M)

• 🔼 ETH ETF cumulative inflows for the week surged past $433M

• 🧠 Source: Lookonchain

📈 ETH Price Reaction:

Ethereum is holding firm above major support and flirting with a bullish breakout zone. This wave of ETF demand could amplify upside momentum.