Record ETF Inflows:
U.S.-listed Ether ETFs saw a record $726.74 million in daily inflows as ETH rose 8.1% to over $3,560, its strongest daily gain since March.
BlackRock’s ETHA Leads:
BlackRock’s ETHA led with $500 million in new inflows and $1.78 billion in trading volume, followed by Fidelity’s FETH and Grayscale’s ETH, adding a combined $167 million.
Cumulative Growth:
Total ETF inflows now stand at $6.48 billion, with net assets exceeding $16.41 billion, representing around 4% of ETH’s circulating supply.
Structural Demand Shift:
Analysts highlight rising Digital Asset Treasuries (DATs)—funds and corporates buying ETH for yield, collateral, and payments—reshaping demand.
Ben Lilly’s Insight:
JLabs Digital’s Ben Lilly sees hundreds of millions in new ETH demand that “didn’t exist before,” calling it a structural shift, not just ETF-driven inflows.
Moneyness Ratio Strength:
ETH’s Moneyness Ratio, reflecting ETH in productive use, remains historically strong, creating sustained demand momentum.
Future Demand Outlook:
With daily network demand around $2 million, analysts expect it could triple as more apps and treasuries adopt ETH.
Price Momentum:
ETH is now up 22% month-to-date, and analysts believe the rally may still be in its early stages.
