Ethereum ETF inflows cross $2.3B in a week as demand intensifies

Ethereum ETFs experienced a grounds inflow streak past week, adding a nett $2.31 cardinal ovst 7 trading sessions betwixt July 18 and July 28. Five of those days saw nett inflows transcend $230 million, with the largest single-day inflow of $533.8 cardinal recorded connected July 22.

This surge successful inflows has dwarfed erstwhile weeks and accrued the post-launch average, which had been suppressed for months owed to persistent outflows from Grayscale’s converted ETHE fund.
For context, mean regular nett inflows crossed each issuers during this seven-day model reached $331 million, astir 9 times higher than the ETF market’s beingness regular mean of astir $37 million. In implicit terms, this past week accounted for astir 25% of each nett flows since Ethereum ETFs launched successful July 2024.

The astir progressive time was Tuesday, July 22, erstwhile $533.8 cardinal was added amid a little dip successful Ethereum’s spot terms to $3,748. This indicates that flows weren’t reacting conscionable to price. Instead, the consistency of creations crossed some up and down days successful ETH shows that these flows are structurally motivated.

Table showing the inflows and outflows for spot Ethereum ETFs from July 10 to July 28, 2025 (Source: Farside Investors)

ETH closed astatine $3,800 connected July 28, up 7.0% from its $3,550 adjacent connected July 18. Much of this upside occurred successful the aboriginal portion of the play streak. On July 21, ETH climbed astir 6% portion ETFs added $296.5 cardinal successful nett flows. After that, ETH mostly consolidated successful the $3,600-$3,750 range, adjacent arsenic inflows remained steady.

This divergence betwixt travel spot and terms absorption shows america that the request for ETH vulnerability is astir apt driven by semipermanent positioning. The 30-day rolling correlation betwixt ETF flows and ETH’s regular returns roseate to 0.60 past week, the highest since February.

BlackRock’s ETHA ETF remains the dominant operator of nett inflows, contributing $1.82 cardinal during the seven-day period, astir 79% of full creations. However, different issuers besides began showing signs of life. Fidelity’s FETH saw a $210 cardinal single-day instauration connected July 24, matching its full for the full period of May. However, this was followed by a $49.2 cardinal outflow connected July 28, suggesting the inflow whitethorn person been linked to tactical oregon arbitrage strategies alternatively than discretionary positioning.

Bitwise’s ETHW added $48 cardinal implicit the week, portion combined flows from 21Shares, VanEck, Franklin, and Invesco added different $60 million. Grayscale’s ETHE, portion inactive bleeding capital, showed signs of stabilization. Outflows slowed to an mean of $18 cardinal per time during this period, down from $94 cardinal successful March. The two-day full outflow connected July 24 and 25 was conscionable $42 million, marking the smallest two-day model since February.

This fading resistance from ETHE is apt improving sentiment for the broader ETF suite, reducing the antagonistic propulsion connected nett instauration metrics and improving aggregate AUM momentum.

While the $65 cardinal nett inflow connected July 28 was materially little than the preceding days, it’s premature to construe it arsenic a reversal. Most large funds inactive recorded inflows, and the antagonistic people came wholly from Fidelity. As discretionary managers measure whether to rebalance further into Ethereum ETFs, July’s closing agelong whitethorn connection a archetypal glimpse into a unchangeable post-repricing baseline.

The ETF flow-to-price feedback loop is intelligibly strengthening. If spot ETH maintains a foothold supra $3,800 portion flows clasp northbound of $150 cardinal per day, the adjacent limb higher could beryllium built connected thing acold much durable than retail speculation oregon protocol communicative cycles: it whitethorn beryllium rooted successful ongoing portfolio allocation.

The station Ethereum ETF inflows transverse $2.3B successful a week arsenic request intensifies appeared archetypal connected CryptoSlate.