20-Day Ethereum ETF Inflows Set Record as AUM Tops $21.5B
Ethereum ETF don dey dey flow steady for 20 days wey no stop, e push total net money allocate reach $9.64 billion this year. For July 31, Ethereum ETFs record $17 million net inflow, even as Bitcoin ETFs get $115 million outflow. Total assets wey dem manage for Ethereum ETFs na $21.52 billion, e be like 4.77% of ETH market capitalization.
BlackRock's ETHA dey lead with $11.37 billion (2.52% of ETH market cap), followed by Grayscale's ETHE at $4.22 billion even with July withdrawal of $6.8 million, and Fidelity's FETH at $2.55 billion after adding $5.6 million. Big day peaks na $726.7 million on July 16 and $602 million on July 17. ETH price drop 2.4% to $3,786 after reach $3,933 but still up 53% in last 30 days. Total trading volume for Ethereum ETFs on July 31 reach $1.28 billion.
Analysts see these steady inflows as beta wey go make ETH price go up for long term, but dem talk say short-term resistance dey near $4,000. Corporate treasuries like SharpLink Gaming and BitMine still dey gather ETH. If Ethereum ETF inflow continue, e fit make liquidity strong, support price, and push ETH toward all-time high of $4,878.
Bullish
Steady net money wey dey enter Ethereum ETFs dey show say institutional demand dey grow and e dey strengthen market liquidity. Even though price drop small for short term and e get resistance near $4,000, di record 20-day streak, increase for AUM reach $21.5 billion, strong single-day peaks, plus corporate treasury dey gather more tokens, all na sign say momentum dey bullish. Analysts structural optimism plus the chance for buyers to come back fit push ETH to e all-time high for medium to long term.