Ethereum Spot ETF Net Inflows in July Surpass ₩7.6 Trillion...Largest Since Launch
Summary
- A total of ₩7,620,000,000,000 flowed into the U.S. spot Ethereum (ETH) ETF in July, setting the highest monthly net inflow since its launch.
- The ETF net inflow for Ethereum spot funds surged by 369% month-on-month, with certain ETFs leading the market.
- Ethereum's price rose by about 60% this month, and analysis suggests a virtuous cycle is developing between ETF capital inflows and price increases.
A total of $5,430,000,000 (approximately ₩7,620,000,000,000) flowed into U.S. spot Ethereum (ETH) ETFs during the month of July. This marks the largest monthly net inflow since their launch and sets a new record of 20 consecutive trading days of inflows.
On the 1st, the crypto-specialized media outlet Cointelegraph reported this, citing data from the ETF analytics platform SoSoValue. According to the report, the July net inflow for Ethereum spot ETFs surged by 369% compared to the previous month ($1,160,000,000). This is a significant increase from May ($564,000,000) and April ($66,250,000), and also completely offset the net outflow recorded in March (-$403,000,000).
In addition, the July net inflow for Bitcoin spot ETFs stood at $6,020,000,000, with the gap between the Ethereum ETF and Bitcoin ETF narrowing to about $600,000,000. In June, Bitcoin ETF inflows amounted to $4,600,000,000.
Notably, BlackRock's Ethereum ETF, ETHA, alone recorded an accumulated net inflow of $9,740,000,000, leading the market. The fund’s net assets stand at $11,370,000,000.
Meanwhile, over the past month, Ethereum surged by about 60% to reach $3,933. This is a sharp rise from the end-of-June price of $2,469. There is growing analysis in the market that a virtuous cycle between ETF inflows and the appreciating price is forming.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
