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Ethereum ETFs Extend Inflow Streak While Bitcoin Funds See Outflows

A record two-week run of spot Ether fund inflows reflects rising demand for its staking yields fueled by corporate treasury allocations

Overview

  • Spot Ethereum ETFs garnered $332.2 million in net inflows on July 23, marking their 14th consecutive day of positive flows
  • BlackRock’s ETHA led the charge with $324.6 million in single-day inflows, boosting total Ether ETF assets to $19.6 billion
  • Bitcoin spot ETFs recorded $85.9 million in outflows on the same day, extending a three-day trend of profit-taking
  • Market participants attribute the ETF surge to Ethereum’s yield-bearing staking features and growing corporate treasury participation
  • Despite strong fund demand, Ether’s price fell 4% to $3,550 while futures open interest climbed to 38%, its highest level since April 2023