Spot Ethereum exchange-traded funds (ETFs) posted another strong session on Friday, drawing $452.72 million in net inflows and extending their inflow streak to 16 consecutive trading days, according to data from SoSoValue.
BlackRock’s iShares Ethereum Trust (ETHA) once again dominated the charts, pulling in $440.10 million in daily net inflows. The fund now commands $10.69 billion in assets, the largest share among US Ether (ETH) ETFs.
Bitwise’s ETHW followed at a distant second with $9.95 million, while Fidelity’s FETH added $7.30 million. Grayscale’s ETHE, however, continued to see redemptions, losing $23.49 million on the day and pushing its cumulative outflow to $4.29 billion, by far the largest net loss among all Ether ETF products.
The cumulative net inflow across all US spot Ether ETFs has now reached $9.33 billion since their launch, with total net assets climbing to $20.66 billion, representing 4.64% of Ethereum’s market cap. The value traded on Thursday stood at $1.5 billion.
Related: BlackRock Ethereum ETF becomes 3rd-fastest to hit $10B in assets
Ether ETFs ride 16-day inflow wave
The 16-day run has seen consistent daily contributions, peaking with $726.74 million in inflows on July 16 and maintaining momentum with multiple $300M+ sessions. Since July 2, when the streak began, net inflows have more than doubled from $4.25 billion to the current $9.33 billion.
The surge in interest comes as investors, including institutions, increase exposure to Ether, betting on the asset’s potential in DeFi, staking, and broader smart contract adoption.
“With surging interest in stablecoins and tokenization, we expect strong ETH ETP inflows for a long time to come,” Matt Hougan, chief investment officer at Bitwise, wrote in a Tuesday post on X.
Hougan estimated that between exchange-traded products (ETPs) and these companies, demand could reach $20 billion worth of ETH over the next year, or about 5.33 million ETH at current prices.
In comparison, Ethereum’s network is expected to issue only 0.8 million ETH in that time, suggesting demand could outpace supply almost seven times.
Related: Ether ETFs outpace Bitcoin for 6 straight days in rare flip
Spot Bitcoin ETFs attract $130M
Meanwhile, spot Bitcoin (BTC) ETFs attracted $130.69 million in net inflows on Friday. The rebound follows a volatile stretch where the funds saw $131.35 million withdrawn on July 21, followed by continued losses of $67.93 million and $85.96 million on July 22 and 23, respectively.
The latest inflow pushed the cumulative total to $54.82 billion, while total net assets stood at $151.45 billion. Despite the mid-week dip, July has delivered multiple standout sessions for Bitcoin ETFs, including inflows of $1.18 billion on July 10 and $1.03 billion on July 11.
Magazine: Robinhood’s tokenized stocks have stirred up a legal hornet’s nest