What happened?
On July 17, U.S. Ethereum ETFs attracted over $726 million in a single day, setting a historical record. Since July 3, there have been nine consecutive days of inflows totaling as much as $2.3 billion, indicating a significant increase in institutional investors' confidence in Ethereum.
BlackRock's ETHA attracted nearly $489 million in a single day, cumulatively reaching $1.25 billion in five days, accounting for nearly 20% of the fund's total assets, becoming the most influential Ethereum ETF in the U.S. market.
Companies like BitMine and SharpLink are aggressively purchasing Ethereum, with total holdings exceeding several billion dollars, and even traditional financial institutions and political/business funds are joining the ranks, boosting the enthusiasm in the Ethereum market.
Ethereum ETF sets the largest single-day inflow record in history.
Recently, Ethereum (ETH) surged, with all U.S. Ethereum ETFs collectively attracting over $726 million in a single day on July 17, setting a historical record. As of the time of this article's publication, the price of Ethereum is $3,593.
According to data from asset management firm Farside Investors, from July 3 to date, Ethereum ETFs have attracted capital inflows for nine consecutive days, with a cumulative net inflow amounting to $2.3 billion. This not only represents the strongest performance since the launch of Ethereum ETFs but also indicates that institutional funding attitudes toward Ethereum are turning positive.
The most attractive asset in this round of inflows is the iShares Ethereum Trust (ETHA) launched by asset management giant BlackRock.
According to the data platform SosoValue, on July 17, ETHA saw an inflow of $489 million in a single day, marking the highest single-day record since the fund's inception; over the past five trading days, ETHA has accumulated a total of $1.25 billion in inflows, accounting for nearly 20% of the fund's total assets.
Currently, the Ethereum assets managed by ETHA have accumulated nearly $6.94 billion, firmly maintaining its position as the largest Ethereum ETF in the U.S. market.
Other mainstream ETFs also showed impressive results, with Fidelity's FETH attracting $113 million in a single day and Grayscale's mini-trust seeing an inflow of $54.18 million, both achieving their best performance in recent months.
As of now, all U.S. Ethereum ETFs hold approximately 5 million ETH, accounting for about 4.02% of Ethereum's total market value ($413 billion). This wave of demand far exceeds market supply and provides direct upward pressure on ETH prices.
Institutions and companies continue to increase their positions.
In addition to the hot ETF market, direct buying by companies and institutions also supports Ethereum prices.
The most representative is BitMine Immersion, supported by prominent Silicon Valley investor Peter Thiel. The company recently made a one-time purchase of $500 million in Ethereum, bringing its total holdings to over $1 billion, and declared its hope to hold or stake 5% of the total supply of Ethereum in the future.
Also attracting attention is SharpLink Gaming, which has transitioned from a marketing background to an Ethereum asset management firm. The company not only recently increased its purchase of $225 million in Ethereum but also invited Ethereum co-founder and Consensys CEO Joseph Lubin to join its board.
In addition, Minnesota-based SharpLink Gaming further purchased $68.4 million in Ethereum this week, bringing its total assets to $1.1 billion, making it the largest corporate holder of Ethereum at present.
Originally holding Bitcoin, Bit Digital has also decided to convert its assets into Ethereum. Even World Liberty Financial, closely tied to Trump's camp, has purchased nearly $5 million in Ethereum, indicating that institutional adoption has spread to the political and business circles.
According to the latest statistics, the total assets of Ethereum corporate treasuries have reached $5.3 billion, and they continue to acquire at a rate 36 times that of daily Ethereum production, indicating that the supply-demand imbalance is rapidly expanding.
Data source: Decrypt, CryptoNews
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