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