Ethereum ETFs Draw $908M Inflows, Push ETH Above $3,000
Ethereum ETFs record one record weekly net inflow of $907.99 million. Data from SoSoValue show say July 9–11 dey account for over 80% of the total, with $383.10 million influx on July 10 leading the charge. BlackRock’s iShares Ethereum Trust (ETHA) push the spike with one single-day inflow pass $300 million, bring cumulative ETHA inflows to $629 million. Fidelity’s FETH and Grayscale’s ETH and ETHE add $37.3 million, $20.7 million and $18.9 million respectively. Thursday $204 million one-day inflow na second highest since July 2024. The inflows help trigger 17% ETH price rally, lift ether above $3,000 for first time in months. Analysts talk say the rally na because better regulatory clarity and rising institutional demand. By locking up tokens in ETFs, these inflows reduce open-market supply and boost buying pressure. BlackRock’s ETHA now hold over 2 million ETH, show say Wall Street dey interested well well. With Ethereum ETFs gaining ground on Bitcoin ETFs, traders dey evaluate how e go affect market liquidity, supply dynamics and long-term sentiment. Strong ETF net inflows suggest say 2025 fit be breakout year for ETH investment products.
Bullish
Di strong weekly net inflows for Ethereum ETFs fit get bullish impact on ETH. High institutional demand and regulatory clarity don drive ETF purchases, wey dey reduce open-market supply and dey create upward price pressure. The surge for capital, especially di record single-day inflows for ETHA, dey show di growing Wall Street interest and dey improve market sentiment. For short term, if ETF inflows continue, e fit keep price momentum above $3,000. For long term, as ETF adoption dey spread, locked-up supply and steady institutional buying fit support more gains and deeper market maturity.