13-Day Inflow Streak for Spot Ether ETFs Surpasses $4 Billion Amid Surging Institutional Demand
Spot Ethereum ETFs continued their bullish trend on Tuesday, drawing in $533.87 million in daily net inflows. This marks the 13th consecutive trading day of gains, pushing the cumulative net inflow to $8.32 billion, according to SoSoValue.
BlackRock’s ETHA Dominates With Over $426M Inflows
BlackRock’s iShares Ethereum Trust (ETHA) led Tuesday’s rally, attracting $426.22 million in inflows. With over $10 billion in assets under management, ETHA currently holds the largest share of the spot Ethereum ETF market. Fidelity’s FETH followed with $35 million in inflows.
This continued surge reflects growing institutional interest in Ethereum as an alternative to Bitcoin. “Spot Ether ETF inflows have been driven by falling BTC dominance and growing institutional appetite for ETH exposure,” said Vincent Liu, CIO at Kronos Research.
Ethereum ETF Inflows Now Account for 4.44% of ETH Market Cap
Since July 2, the start of this ongoing streak, net inflows have surged by over $4 billion. Ethereum ETF assets now total $19.85 billion, representing 4.44% of Ethereum’s market capitalization.
The biggest day of inflows came on July 16, with $726.74 million entering Ether funds, followed by $602.02 million on July 18—marking the two strongest single-day performances since the ETFs launched.
ETH Demand Could Outpace Supply 7-to-1
Despite Ethereum’s market cap being roughly 19% the size of Bitcoin’s, Ethereum exchange-traded products (ETPs) hold less than 12% of the assets compared to Bitcoin ETPs, according to Matt Hougan, CIO at Bitwise.
Hougan noted that demand for ETH—driven by both ETPs and companies adding ETH to their balance sheets—could hit $20 billion in the next year. With Ethereum expected to issue just 0.8 million ETH over that time, demand may outstrip supply by nearly 7x.
“In the short term, the price of everything is set by supply and demand. And for the time being, there is significantly more demand for ETH than there is new supply. I suspect we go higher,” he added.
On-Chain Activity Shows Accumulation Trend
Supporting this bullish narrative, Lookonchain reported that five new wallets collectively withdrew 76,987 ETH (worth $285 million) from Kraken on Wednesday. The large outflow suggests growing accumulation and declining exchange supply—a classic indicator of rising demand.
Bitcoin ETFs See $67M in Outflows
While Ethereum products surge, spot Bitcoin ETFs experienced a net outflow of $67.93 million on the same day. Bitwise’s BITB and ARK’s ARKB saw the largest exits, with $42.27 million and $33.18 million in outflows, respectively. Only Grayscale’s GBTC saw modest inflows of $7.51 million.
The decline comes after record-breaking Bitcoin ETF inflows earlier in July, including $1.18 billion on July 10 and $1.03 billion on July 11.
