Spot Ethereum (ETH) exchange-traded funds (ETFs) are close to breaking the $10 billion mark in inflows this month, as BlackRock’s ETHA makes its way to the spot of fourth-largest ETF by inflows in the last 30 days.

According to Farside Investors’ data, spot Ethereum ETFs accumulated $9.3 billion in inflows as of July 25. This represents a 120% increase from the $4.2 billion registered on July 1, marking 16 consecutive days of inflows.

The average daily inflow is $233 million, which would total over $930 million in the four trading days left in July. 

Even if the average doesn’t repeat itself, the ETFs require $162.5 million daily to reach $10 billion, and 13 out of 16 trading days with inflows have surpassed this amount.

ETHA leads the inflows by a large margin, accounting for $9.34 billion in total flows, nearly four times the $2.35 billion in inflows of Fidelity’s FETH. In July, the BlackRock fund represented 91% of the total.

ETHA joins the “big boy club”

Bloomberg senior ETF analyst Eric Balchunas highlighted that ETFs took $97.6 billion in inflows in the past 30 days. ETHA took the spot as the fourth-largest ETF, showing nearly $3.9 billion in inflows, roughly 4% of the total.

Moreover, Balchunas noted that ETHA registered the 17th-largest trading volume among ETFs as of July 28, 11:25 am ET. He added:

“$ETHA 17th most traded ETF today Top 0.4% of all ETFs, first time I recall seeing it in there. Given it is up 5% today and still pretty new a lot of this volume is gonna convert to inflows.”

As of press time, ETHA’s daily trading volume stands at $1.35 billion, according to data from CoinMarketCap.

Rising conviction in Ethereum

Shawn Young, chief analyst at MEXC Research, assessed that the rising inflows are driven by both institutional whales and corporate treasury firms’ appetite for ETH. 

In a note, he said this growth reflects the increased conviction in Ethereum’s utility, sustainability, and long-term staying power, particularly due to its use in tokenization, stablecoins, and on-chain settlement.

He concluded:

“The rise of Ether ETF AUM to over $20 billion, which represents almost 5% of Ether’s total market cap, speaks to this growing strategic asset role it’s now occupying in institutional portfolios.”

Mentioned in this article

Ethereum’s Ether (eth)the second largest cryptocurrency is spot exchange trading funds, looking at the profits of renewed investors (ETF) The US records one of the strongest momentum in its one of the most in its one-year history.

iShares Ethereum Trust in BlackRock on Thursday (Eta) Data compiled by Farsise Investors booked the largest daily inflow ever, pushing its managed total assets to $5.6 billion, up over $300 million.

This is part of a broader revival of ether-supported investment products.

Nine US-listed ETFSs collected a net inflow of $703 million this week, according to Crypto data provider SosoValue. Data for Friday is still pending, but it has already marked the third strongest weekly haul since the product launched last July.

Investor demand has recently been featured, despite Ether prices falling behind Bitcoin this year, according to a new report from asset manager FineQia.

AUM for exchange products backed by ETH (ETPS) In the first half of 2025, we grew 61% faster than the market capitalization of our underlying assets. This is a sign of a stable inflow into the product, the report says.

The report notes that demand for ETP began to recover by late April and continues until June, surpassing ETH price rise.

The capital flood helped fuel the ETH rebound to $3,000. This is the best price for over 4 months.

Read more: The Ethereum Foundation sells 10,000 ETH and sells it to Sharplink.