According to data from Farside Investors, spot Ethereum ETFs surpassed the 5 billion USD net cash flow mark on July 11, just 12 trading sessions after hitting 4 billion USD.
This growth rate is faster than the previous phase, where it took 15 trading sessions to increase from 3 billion to 4 billion USD. Notably, BlackRock's iShares Ethereum Trust (ETHA) contributed significantly to the recent surge.
Bloomberg's senior ETF analyst, Eric Balchunas, stated that ETHA recorded 675 million USD in net inflows for the week, ranking 6th among all ETFs in the US for the week ending July 11.
He noted that this fundraising round is an important milestone, emphasizing that ETHA is 'for the first time playing with the big players' in the market. This fund even surpassed many traditional stock and bond ETFs, despite still operating in the shadow of larger Bitcoin products — for example, BlackRock's Bitcoin ETF (IBIT) attracted up to 1.7 billion USD during the same period.
It took only 12 sessions to add 1 billion USD.
Spot Ethereum ETFs launched on July 23, 2024, and reached a milestone of 4 billion USD in accumulated cash flow by June 23, 2025, after 231 trading sessions. Meanwhile, the first 3 billion USD took up to 216 sessions.
However, the jump from 4 billion to 5 billion USD took just over two weeks, including 5 consecutive sessions with net inflows exceeding 200 million USD.
Daily data shows that ETHA alone attracted 300.9 million USD on July 10, 158.6 million USD on July 9, and 137.1 million USD on July 11.
Other issuers such as Fidelity (FETH) and Bitwise (ETHW) also recorded stable inflows, while Grayscale's older Ethereum ETF (ETHE) continued to see outflows.
With the recent inflow, spot Ethereum ETFs now account for over 10% of total inflows into Bitcoin ETFs traded in the US.