20-Day Ethereum ETF Inflows Set Record as AUM Tops $21.5B
Ethereum ETF inflows have extended for a 20th consecutive trading day, pushing total net allocations to $9.64 billion year-to-date. On July 31, Ethereum ETFs recorded $17 million in net inflows, even as Bitcoin ETFs saw $115 million of outflows. Total assets under management for Ethereum ETFs reached $21.52 billion, equivalent to 4.77% of ETH’s market capitalization.
BlackRock’s ETHA leads with $11.37 billion (2.52% of ETH’s market cap), followed by Grayscale’s ETHE at $4.22 billion despite July withdrawals of $6.8 million, and Fidelity’s FETH at $2.55 billion after adding $5.6 million. Notable single-day peaks include $726.7 million on July 16 and $602 million on July 17. ETH price dipped 2.4% to $3,786 after peaking at $3,933, yet remains up 53% over the past 30 days. Total trading volume for Ethereum ETFs on July 31 hit $1.28 billion.
Analysts view these sustained inflows as structurally bullish for ETH, though they flag short-term resistance near $4,000. Corporate treasuries, including SharpLink Gaming and BitMine, are also accumulating ETH. Continued Ethereum ETF inflows could bolster liquidity, support prices, and drive ETH toward its all-time high of $4,878.
Bullish
Sustained net inflows into Ethereum ETFs highlight growing institutional demand and strengthen market liquidity. Despite a short-term price dip and resistance near $4,000, the record 20-day streak, rising AUM to $21.5 billion, strong single-day peaks, and corporate treasury accumulation signal bullish momentum. Analysts’ structural optimism and the potential for renewed buying interest could drive ETH toward its all-time high over the medium to long term.