Spot Ethereum exchange-traded funds (ETFs) recorded another strong performance on Friday, attracting $452.72 million in net inflows and extending their streak to 16 consecutive trading days, according to SoSoValue data.
BlackRock’s iShares Ethereum Trust (ETHA) led the pack once again, pulling in $440.10 million in daily net inflows. The fund now holds $10.69 billion in assets, maintaining the largest share among U.S. Ether ETFs.
Trailing behind, Bitwise’s ETHW saw $9.95 million in inflows, while Fidelity’s FETH added $7.30 million. Meanwhile, Grayscale’s ETHE continued its losing streak, with $23.49 million in net outflows for the day, pushing its total redemptions to $4.29 billion—the largest cumulative outflow among Ether ETF offerings.
Since their launch, total net inflows across all U.S. spot Ether ETFs have reached $9.33 billion. Combined assets under management now stand at $20.66 billion, accounting for 4.64% of Ethereum’s total market capitalization. Trading volume on Thursday totaled $1.5 billion.
Ether ETFs extend inflow streak to 16 straight days
The 16-day inflow streak for Ether ETFs has been marked by steady daily gains, highlighted by a peak of $726.74 million on July 16 and multiple sessions exceeding $300 million. Since the streak began on July 2, net inflows have more than doubled, climbing from $4.25 billion to $9.33 billion.
This surge reflects growing investor interest—particularly from institutions—in Ether’s long-term potential across decentralized finance (DeFi), staking, and smart contract applications.
“With the rising demand for stablecoins and tokenization, we anticipate strong ETH ETP inflows for the foreseeable future,” said Matt Hougan, Chief Investment Officer at Bitwise, in a post on X.
Hougan projected that combined demand from exchange-traded products (ETPs) and institutional investors could reach $20 billion worth of ETH over the next year, equivalent to roughly 5.33 million ETH at current prices.
By contrast, Ethereum’s network is expected to issue only about 0.8 million ETH in that same period—suggesting potential demand could outstrip new supply by nearly sevenfold.
Spot Bitcoin ETFs draw $130 million in new inflows
Spot Bitcoin ETFs recorded $130.69 million in net inflows on Friday, rebounding after a volatile period marked by significant outflows. The funds saw $131.35 million withdrawn on July 21, followed by further losses of $67.93 million and $85.96 million on July 22 and 23, respectively.
Friday’s recovery brought total cumulative inflows to $54.82 billion, with total net assets reaching $151.45 billion. Despite the recent turbulence, July has seen several strong sessions for Bitcoin ETFs, including notable inflows of $1.18 billion on July 10 and $1.03 billion on July 11.
