Spot Ether ETFs Hit $4B in Inflows Over 13-Day Streak

• Spot Ether ETFs have recorded over $4 billion in inflows during a 13-day streak, with BlackRock’s ETHA leading the surge.

• Institutional demand for Ethereum is rising as Bitcoin ETF inflows slow and the exchange supply of ETH declines.

• Ethereum ETFs now hold nearly $20 billion in assets, while Bitcoin ETFs saw $67 million in outflows on Tuesday.

Spot Ether exchange-traded funds (ETFs) have recorded 13 straight trading days of net inflows, totaling more than $4 billion. According to SoSoValue data, Tuesday alone saw $533.87 million in inflows, led by BlackRock’s iShares Ethereum Trust (ETHA), which attracted $426.22 million.

ETHA now holds over $10 billion in assets, maintaining the largest share of the Ether ETF market. Fidelity’s Ethereum Fund (FETH) followed with $35 million daily inflows.

Institutional Demand for Ethereum Accelerates

Since the streak began on July 3, cumulative net inflows across all Ether ETFs have jumped from $4.25 billion to $8.32 billion. These ETFs now hold $19.85 billion in net assets, representing 4.44% of Ethereum’s market cap.

On July 16, Ethereum ETFs posted their highest single-day inflow at $726.74 million. The second-largest came on July 18 with $602.02 million.

Vincent Liu, chief investment officer at Kronos Research, attributed the growth to falling Bitcoin dominance and increased institutional demand for ETH. “As liquidity deepens and macro conditions hold, this demand trend is likely to endure,” Liu commented.

Bitwise CIO Matt Hougan noted on X that Ethereum ETP investors remain underweight compared to Bitcoin. While ETH holds about 19% of BTC’s market cap, Ethereum ETPs comprise less than 12% of the total assets held in Bitcoin ETPs.

Hougan estimated that institutional demand for Ethereum could reach $20 billion within the next year, equivalent to 5.33 million ETH at current prices. In comparison, Ethereum is expected to issue only 0.8 million ETH during the same period, pointing to a potential supply-demand imbalance.

Exchange Withdrawals Signal ETH Accumulation

Blockchain analytics platform Lookonchain reported that five new wallets withdrew a combined 76,987 ETH (worth $285 million) from Kraken on Wednesday. The withdrawals suggest an accumulation trend and a shrinking supply on exchanges.

This pattern of rising demand and decreasing exchange supply supports expectations of continued upward price movement for ETH, which is currently trading around $3,684.

In contrast, spot Bitcoin ETFs posted $67.93 million in net outflows on Tuesday. The largest outflows came from Bitwise’s BITB and Ark’s ARKB, with $42.27 million and $33.18 million, respectively. Grayscale’s GBTC recorded a minor inflow of $7.51 million.