Spot Ether ETFs logged $452.72 million in inflows on Friday, extending their streak to 16 consecutive trading days. According to SoSoValue, this consistent inflow brought the cumulative total to $9.33 billion since U.S. spot Ether ETFs launched.
BlackRock ETHA led Friday’s activity with $440.10 million in net inflows. The fund now holds $10.69 billion in assets under management, the largest share among all Ether ETFs listed in the United States.
Bitwise ETHW followed with $9.95 million. Fidelity FETH reported $7.30 million. Grayscale ETHE, on the other hand, recorded a $23.49 million outflow. That pushed its total redemptions to $4.29 billion, the largest cumulative loss among Ethereum ETF products.
In total, U.S. spot Ether ETFs now manage $20.66 billion. That equals 4.64% of Ethereum’s market cap. On Thursday, the ETH ETF trading volume reached $1.5 billion.
Ethereum ETF Inflows Began July 2, Now More Than Doubled
The current inflow streak for spot Ether ETFs started on July 2. At that point, net inflows stood at $4.25 billion. Within three weeks, they more than doubled to $9.33 billion.
The largest single-day Ethereum ETF inflow occurred on July 16, reaching $726.74 million. Several other days during the streak saw inflows above $300 million.
Institutional and retail investors increased their exposure to Ether ETFs during this period. This came as interest rose in Ethereum’s use in DeFi, staking, and smart contracts. The spot Ether ETFs allowed investment access without needing to directly hold ETH.
Bitwise CIO Matt Hougan commented on the trend in a July 23 post on X. He said:
“With surging interest in stablecoins and tokenization, we expect strong ETH ETP inflows for a long time to come.”
Ethereum Demand Forecasts Highlight Supply Gap
Hougan estimated demand for Ethereum could reach $20 billion from ETH exchange-traded products and corporate buyers over the next 12 months. Based on current ETH prices, this equals around 5.33 million ETH.
Meanwhile, Ethereum issuance for the same period is expected to remain near 0.8 million ETH. The figures show that projected Ethereum demand may outpace supply by a wide margin.
The Ethereum ETF inflows indicate that Ether is gaining traction through regulated investment vehicles. BlackRock ETHA continues to lead in daily inflows and asset size, ahead of other Ethereum ETFs such as Bitwise ETHW, Fidelity FETH, and Grayscale ETHE.
Bitcoin ETFs Regain Momentum With $130M Inflows After Recent Outflows
Bitcoin ETFs also saw a recovery in daily inflows on Friday. Spot Bitcoin ETFs attracted $130.69 million, following three sessions of losses earlier in the week.
On July 21, net outflows for Bitcoin ETFs reached $131.35 million. July 22 and 23 saw further redemptions of $67.93 million and $85.96 million, respectively.
Despite those outflows, the total net assets across Bitcoin ETFs remain at $151.45 billion. The cumulative inflows have now reached $54.82 billion. Earlier this month, inflows hit $1.18 billion on July 10 and $1.03 billion on July 11.
