Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. In a powerful show of investor confidence, spot Ethereum exchange-traded funds (ETFs)broke all records in July with $5.43 billion in net inflows. It marks the highest monthly inflow since their market debut and reflects a sharp 369% rise from June’s inflow of $1.16 billion.
With 20 straight days of net inflows, spot ETH ETFs are now cementing Ethereum’s growing roleas a leading digital asset in the eyes of traditional market participants. Spot Ethereum ETFs Hit Milestone With $5.43 Billion Inflow
According to datafrom SoSoValue, the $5.43 billion net inflow in July also dwarfed May’s $564 million and April’s $66.25 million. It completely reversed the negative outflow trend seen in March, which saw a $403 million drop. As a result of this rise, cumulative net inflows across all spot Ether ETFs have now reached $9.64 billion, showing a 129% increase compared to June’s cumulative total. Related Reading Ripple Exec Reveals What Will Drive The XRP Price Value 1 day ago Source: SoSoValue
The massive growth didn’t stop at inflows alone. Total net assets across all spot ETH ETFs jumpedto $21.52 billion, doubling from $10.32 billion just a month earlier. These funds now account for 4.77% of Ethereum’s entire market capitalization, showing that ETFs are becoming a gateway for capital entering the ETH market.
Institutional interesthas played a role in this growth as BlackRock’s ETHA remainsthe leading spot Ethereum ETF by assets, pulling in $18.18 million on July 31 and now holding $11.37 billion. Fidelity’s FETH also gained $5.62 million that same day, raising its net assets to $2.55 billion. Grayscale’s ETHE still manages a solid $4.22 billion asset base, even with a $6.8 million outflow, showing its continued relevance. Ethereum Price Rallies As ETF Inflows Hit New Highs
The record-setting ETF inflowsalso lined up with a sharp price rally in ETH throughout July. ETH started the month at $2,486 and climbed to a high of $3,933, an increase of nearly 60%. By the end of the month, it had settled at $3,698, making July Ethereum’s strongest monthly price move since October 2021. The steady rise in ETF inflows could be a key driverbehind this surge, showing that more capital entering the space may have directly boosted market sentiment and pricing. Related Reading BlackRock Staking For Its Spot Ethereum ETF Has Been Acknowledged — But What’s Coming For ETH? 3 days ago
The ETH rally also marked the longest bullish monthly candlein nearly three years. As prices climbed, the spot ETFs recorded their longest-ever streak of daily net inflows, 20 days in a row without a single outflow after July 8. Some of the single-day gainscame mid-month, including $726.7 million on July 16, $602 million on July 17, and $533.8 million on July 22.
Ethereum could challenge its all-time high of $4,878, set in November 2021, as its rising role in decentralized finance and the growing useof regulated investment vehicles could help the asset. If the current paceof inflows and trading activity continues, it could soon take center stage in a broader altcoin-led market cycle. Selling pressure sends ETH below $3,500 | Source: ETHUSDT on TradingView.com Featured image from UnSplash, chart from TradingView.com