BlackRock’s ETH ETF: The New Gold Rush? 🏦💰

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On a Thursday not so different from any other, BlackRock’s iShares Ethereum Trust (ETHA) managed to haul in a staggering $546.7 million, setting a new single-day record for the fund and adding to a relentless 10-day inflow streak that now totals $2.1 billion. One might say, in the world of institutional investing, it’s raining Ethereum, and BlackRock is the umbrella everyone’s huddling under.

The milestone, achieved just one day after ETHA posted $489 million in inflows, is a testament to the growing appetite for the world’s second-largest cryptocurrency among institutional investors. It’s as if the institutional world has finally decided that Ethereum is not just a passing fad, but a solid investment opportunity, much to the delight of crypto enthusiasts and the bewilderment of skeptics.

Data from SoSoValue reveals that on July 17, spot Ethereum ETFs raked in daily total net inflows of $602.02 million, just shy of the July 16 all-time high of $726.74 million. ETHA, ever the leader, attracted a record-breaking $546.70 million in fresh capital. The fund has been on a 10-day winning streak, having accumulated $2.132 billion in net inflows since a minor setback on July 2, when it recorded nearly $47 million in outflows. This impressive run has driven much of the sector’s total gain of $2.8 billion in the same period.

While BlackRock was the star of the show, several other funds played their part in the rally, albeit on a much smaller scale. Fidelity’s FETH saw $17.19 million in inflows, bringing its total assets to $2.09 billion. Grayscale’s traditional ETH fund added $29.9 million, even though its mini ETH Trust (ETHE) remained flat. Bitwise’s ETHW ETF also saw demand, pulling in a respectable $4.44 million and pushing its cumulative inflows to over $408 million. 21Shares’ CETH fund drew $3.78 million in new capital, with total assets now at $41 million. Even smaller ETFs like Franklin Templeton’s EZET and Invesco’s QETH have maintained steady flows, though no daily inflows were reported yesterday.

Cumulative inflows across all Ethereum ETFs have now surpassed $7 billion, with combined assets under management at $17.32 billion, representing 4.19% of ETH’s total market cap. The funds have seen inflows for 10 consecutive weeks, with the last red mark coming in early May, when the sector collectively bled slightly more than $38 million. Since then, the crypto investment products have hit high notes, with the $1.78 billion in total net inflows since July 14 being the highlight.

SoSoValue’s data also shows that July has been the most successful month for spot ETH ETFs since inception. So far, they have attracted more than $2.88 billion in new capital, with ten trading days still to go. The next highest figure was recorded in December 2024, when the sector received inflows worth $2.08 billion. It seems that the institutional love affair with Ethereum is just getting started.

The market has reacted positively to this tidal wave of institutional capital, with ETH’s price catapulting to levels not witnessed in six months. At the time of this writing, ETH had reached $3,630, after surging 8.5% in the last 24 hours. The asset also gained 22.2% over the past seven days and rallied 43% across one month, dramatically reversing its year-on-year negative performance to just -6.3%, and narrowing the gap to its $4,878 all-time high to less than 26%. It’s a tale of resilience and resurgence, and one that continues to captivate the financial world.

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2025-07-18 11:17