Ethereum ETFs recorded a record daily inflow of 602.02 million USD. The leading altcoin surpassed the daily inflow of Bitcoin ETFs for the first time in history.
Data from SosoValue shows that ETH ETFs received inflows of 602.02 million USD on July 17, which is a 15% increase compared to the inflow of Bitcoin ETFs at 522.60 million USD on the same day. The smart contract platform received 79 million USD more than Bitcoin.
In summary, Bitcoin and Ether ETFs received a total of 1.1 billion USD, standing out as the day's winners.
BlackRock dominates inflows into Ether ETF funds
BlackRock's Ether ETF, ETHA, received a massive inflow of 546.70 million USD—accounting for over 90% of total daily inflows into Ethereum ETFs. Grayscale followed in second place with 29.90 million USD inflow into the Ether Mini Trust fund, ETHE. Fidelity's FETH ranked third, recording 17.19 million USD in inflow to the Ether ETF.
Bitwise's ETHW and 21Shares' CETH recorded inflows of 4.44 million USD and 3.78 million USD, respectively. Ethereum ETF funds from VanEck, Franklin Templeton, and Invesco did not record inflows on July 17.
Data from SosoValue shows that trading Ether ETFs recorded a total trading value of 2.29 billion USD, increasing the total net asset value to 17.32 billion USD.
Historical aggregated data of Ethereum Spot ETF. Source: SoSoValue.
Bitcoin ETFs have seen large inflows from BlackRock. The company's IBIT had the largest inflow at 497.30 million USD—accounting for over 95% of total daily inflows into Bitcoin ETFs. Fidelity's FBTC had an inflow of 7.83 million USD, while Invesco's BTCO followed with 7.12 million USD.
Grayscale's Bitcoin Mini Trust recorded inflows of 5.27 million USD, and Vaneck's HODL received 5.08 million USD. Other Bitcoin ETFs from Grayscale, Ark, 21Shares, Bitwise, Valkyrie, Franklin Templeton, WisdomTree, and Hashdex did not record any inflows or outflows.
The total recorded trading value of Bitcoin ETFs is currently at 3.76 billion USD, pushing the net asset value of the funds to 154.61 billion USD.
On July 16, Ethereum trading ETFs recorded an all-time high daily inflow of 726.74 million USD. In contrast, Bitcoin ETFs recorded a net inflow of 799.40 million USD. The increase in inflows into Ether ETFs coincided with Ethereum's surge above 3,600 USD.
Ether-based stocks are in a growth state
The surge in Ethereum above 3,600 USD and the approval of the US House stablecoin bill have boosted stocks linked to cryptocurrencies into a growth state.
Coinbase stock listed on NASDAQ has reached a new all-time high of around 444 USD. The US cryptocurrency exchange has seen its COIN stock break previous records since its IPO in 2021. Currently, COIN is trading at around 417 USD, based on Google Finance data.
Circle, the issuer of the USDC stablecoin, saw its stock temporarily trading above 260 USD before dropping to around 223 USD.
Earlier in the day, stocks linked to Ethereum from BitMine, Bit Digital, and BTCS rose by up to 12.7%, 6.5%, and 22.9%, respectively. Currently, BitMine Immersion Technologies (BMNR) is trading at around 42.44 USD, Bit Digital (BTBT) is at 3.93 USD, and BTCS Inc. (BTCS) is trading at 6.84 USD.
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