Spot Ether exchange-traded funds (ETFs) experienced their largest single-day net inflows ever on Monday, totaling $1.01 billion across all funds.
This surge comes amid strong bullish momentum, with Ether rising 45% over the past 30 days.
Inflows into Ether ETFs significantly outpaced those of Bitcoin ETFs, which saw a net inflow of $178 million on the same day, according to Farside Investors.
Leading the charge among Ether funds was BlackRock’s iShares Ethereum Trust ETF (ETHA), which attracted a record $640 million.
Following closely, the Fidelity Ethereum Fund (FETH) also posted its biggest single-day inflow, receiving $277 million.
NovaDius president Nate Geraci shared on X that Ether ETFs had been previously underestimated because institutional investors lacked a clear understanding of Ethereum.
“Feels like spot ETH ETFs were seriously underestimated simply because traditional finance investors didn’t grasp ETH,” Geraci explained.
He added that institutional interest is now growing, with Ethereum being recognized as the “backbone of future financial markets.”
Ethereum’s Bullish Signals
Record inflows coincide with several bullish indicators for Ethereum, which has surged 45% over the past 30 days, according to CoinGecko.
On August 7, the amount of Ether held on exchanges dropped to 15.28 million ETH—a nine-year low and the lowest level since November 2016, based on Glassnode data.
Typically, investors withdrawing crypto assets from exchanges is seen as a bullish sign, suggesting they are moving funds into long-term storage.
In a Monday post on X, on-chain data platform Token Terminal highlighted that Ethereum continues to dominate as the leading blockchain for tokenized assets, representing about 58% of all tokenized assets across all chains.
The platform also noted that assets staked on the Ethereum network have surpassed the $150 billion mark for the first time.
Ether ETFs and Treasuries Continue to Accumulate
Crypto influencer Anthony Sassano highlighted that Ether ETFs have purchased more than 50% of the ETH issued since the Merge in late 2022.
Since Ethereum’s switch to proof-of-stake, over 451,000 ETH have been issued, and net inflows into Ether ETFs on Monday alone accounted for 238,000 ETH, Sassano noted.
“In a single day, ETH ETFs bought over 50% of all the net issued ETH since The Merge,” he said.
Meanwhile, corporate holders of Ether saw their assets under management rise to $13 billion on Monday, fueled by ETH’s price increase.
Ethereum Experts Advise Caution
The recent price rally has prompted an increase in short-term traders taking profits, indicating expectations of a potential pullback in ETH.
Ethereum co-founder Vitalik Buterin also cautioned on Thursday that the growing trend of corporations purchasing ETH for their treasuries could become a risky “overleveraged game.”
