Ethereum ETFs register quickest $1B intake to surpass $7B in total inflows

Ethereum (ETH) spot exchange-traded funds (ETFs) registered the fastest “$1 billion leap” in net inflows in their history, jumping from $6 billion to $7 billion in two days, according to Farside Investors’ data.

The previous record was five days, when the inflows jumped from $5 billion to $6 billion between July 10 and July 16.

Between July 16 and 17, the US-traded spot Ethereum ETFs added $1.32 billion. The movement was heavily driven by BlackRock’s ETHA, which added $1.04 billion in the period, representing 79%.

Notably, July 16 was the day with the largest daily inflows for Ethereum ETFs, surpassing $726 million in captured assets.

ETF Institute co-founder Nate Geraci highlighted that ETHA is the fifth-largest ETF in terms of weekly inflows with $1.26 billion as of July 18, 4:00 P.M. UTC.

This is one spot above what ETHA registered last week, as the fund was the sixth-largest by inflows and joined the “big dogs” for the first time.

At the same time, BlackRock’s spot Bitcoin ETF, IBIT, is the first with nearly $3 billion. As a result, two crypto-related ETFs are among the five largest by weekly net flows, out of over 4,300 funds globally.

Third-largest weekly ratio

Furthermore, Ethereum ETFs are on track to register one of the largest weekly inflow ratios compared to Bitcoin ETFs.

As of July 17, the total inflows into ETH-related funds are nearly $1.78 billion, compared to $2.02 billion from Bitcoin ETFs. The ETH/BTC inflow ratio is then at 88%, the third-largest weekly ratio in history.

The largest ratio, at 206.2%, was registered in the week between February 3 and 7, when Ethereum ETFs absorbed $420.2 million compared to $203.8 million from Bitcoin ETFs.

The second-largest ratio is 157%, as Ethereum ETFs attracted $557.8 million in inflows, while their Bitcoin counterparts captured $355.2 million between November 25 and 29.