Ethereum exchange-traded funds (ETFs) recorded the fastest growth rate ever, as inflows surged from $6 billion to $7 billion in just two days, according to data from Farside Investors.
The previous record was achieved over a five-day period from July 10 to 16, when inflows rose from $5 billion to $6 billion.
However, the period between July 16 and 17 alone witnessed net inflows of $1.32 billion, of which BlackRock's fund captured $1.04 billion, equivalent to 79% of the total.
On July 16, the highest daily inflow value for Ethereum funds ever was recorded, exceeding $726 million in added assets.
For his part, Nite Gerasi, co-founder of the ETF Institute, confirmed that BlackRock's ETHA fund has become the fifth largest fund in terms of weekly inflows globally, after recording $1.26 billion as of July 18, advancing from the sixth position it held the previous week.
In the same context, BlackRock's IBIT fund, an instant Bitcoin fund, continues to advance, reaching nearly $3 billion in inflows, making it and the ETHA fund among the top five funds in terms of net weekly inflows among more than 4,300 traded funds globally.
Performance comparison with Bitcoin funds:
Total inflows to Ethereum funds reached approximately $1.78 billion as of July 17, compared to $2.02 billion for Bitcoin funds, bringing the Ethereum to Bitcoin inflow ratio to 88%, which is the third highest weekly percentage historically.
The highest percentage was recorded in the week from February 3 to 7, when the percentage reached 206.2%, followed by a percentage of 157% in late November.
These indicators suggest an unprecedented surge in institutional investor interest in exchange-traded Ethereum funds, enhancing the asset's position as a competitive investment option against Bitcoin in organized financial instruments.