Spot Ethereum exchange-traded funds (ETFs) surpassed $5 billion in net inflows on July 11, just 12 trading days after crossing the $4 billion mark, according to Farside Investors data.
The milestone reflects a faster pace than the previous interval, when the products required 15 trading sessions to add the prior $1 billion. BlackRock’s iShares Ethereum Trust (ETHA) contributed a large portion of the most recent inflows.
Bloomberg senior ETF analyst Eric Balchunas noted that ETHA recorded $675 million in weekly net subscriptions, placing it sixth across all US ETFs for the period ending July 11.
He framed ETHA’s weekly haul as a significant moment, noting on July 12 that the vehicle is “hanging with the big dogs for the first time.”
The fund closed the week ahead of traditional equity and bond vehicles despite operating in the shadow of larger Bitcoin products. BlackRock’s Bitcoin ETF, IBIT, absorbed $1.7 billion over the same span.
$1 billion added in 12 sessions
Ethereum ETFs launched on July 23, 2024, and crossed $4 billion in cumulative flows on June 23, achieving this milestone in 231 trading days.
The first $3 billion required 216 sessions. By contrast, the jump from $4 billion to $5 billion occurred in just over two weeks of trading, including five consecutive days with total inflows exceeding $200 million.
Aggregate daily
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Author: Gino Matos
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