Fidelity led Ethereum ETF inflows with 24,968 ETH in a single day, pushing its total holdings past 523,000 ETH.
Ethereum ETF net flows stayed positive for eight weeks straight, adding 86,209 ETH this week alone across nine funds.
Glassnode charts show ETH inflows rising alongside price stability, confirming growing institutional demand since mid-April.
Ethereum ETFs have now posted positive net flows for eight straight weeks, with inflows totaling 61,000 ETH this week alone. On July 7, Lookonchain reported a single-day inflow of 24,968 ETH into Fidelity’s fund-equivalent to $63.32 million.
In a post by Glassnode, the chart reflects a surge in investor interest dating back to mid-April. Net flows flipped positive after weeks of persistent outflows, as Ethereum prices rebounded from the $1,600 level.
Recent movements in the sector have reshaped priorities. Investors are responding to clearer institutional frameworks, driving stronger capital inflows. Ethereum’s spot ETF activity now mirrors rising price stability, forming a reinforcing loop of demand and confidence.
Fidelity Leads Inflows as ETFs Broaden Asset Exposure
According to a report by Lookonchain, nine Ethereum ETFs collectively hold 4.18 million ETH, worth over $10.6 billion. Fidelity alone added 24,968 ETH in 24 hours, bringing its total holdings to 523,594 ETH, or approximately $1.33 billion.
https://twitter.com/lookonchain/status/1942234226856018241
The Grayscale Ethereum Trust remains the largest by holdings, managing 1,131,362 ETH. However, it reported no new inflows during the same period. Meanwhile, BlackRock’s iShares ETF now holds 1,806,099 ETH and added 3,949 ETH over the past week.
The Grayscale Mini Trust and Bitwise’s ETHW ETF followed with inflows of 3,094 ETH and 3,209 ETH respectively. VanEck and Franklin’s ETH funds each added 1,098 ETH, reflecting a balanced appetite across mid-sized ETF vehicles.
Correlation Between Price and ETF Demand Strengthens
The chart from Glassnode tracks US spot ETF flows alongside ETH’s price since late December 2024. Early February saw inflows exceed 150,000 ETH despite falling prices—a signal of strong conviction among institutional buyers.
Outflows led the market through March and April as Ethereum sank toward $1,600. By mid-April, both ETF flows and price action flipped, triggering a steady climb into June.
Between May and June, weekly inflows topped 175,000 ETH, with Ethereum holding firm between $2,800 and $3,200. June 18 saw a brief pullback in price and flows, but both rebounded sharply by month’s end.
Fidelity’s massive single-day allocation and Glassnode’s weekly net flows confirm a resurgent push into Ethereum ETFs. As of July 7, total net inflows for the week stand at 86,209 ETH-firmly positioning Ethereum back in institutional crosshairs.
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