Ethereum ETFs Shatter Records: $900 Million Inflows in a Week!
BlackRock’s Ethereum ETF (ETHA) remained the dominant product in the market, both by inflows and net asset value. On July 11, ETHA received a one-day net inflow of $137.08 million, bringing its cumulative net inflow to $6.29 billion. ETHA’s assets currently stand at $6.14 billion, giving it a 1.71% share of the Ethereum market and making it the top ETF by market exposure.
ETHA also allows the attraction of institutional funds, which are highly liquid at a low fee of 0.25%. It was the highest volume traded in any ETF, with its daily volume going to more than $990 million, traded in 43.78 million shares. On July 10, BlackRock bought $156 million in ETH, adding to its risk in Ethereum and exceeding its Bitcoin acquisitions that day by far.
Other ETFs, including ETHE and ETH Grayscale ETFs, also received daily inflows but had fewer assets. ETHE experiences a net inflow of about $9.96 million every day but a cumulative outflow of $4.26 billion. Its commission is charged at 2.50%, which is the highest among them. Fidelity (FETH) and Bitwise (ETHW) also had steady daily inflows with fee rates of 0.25% and 0.20%, respectively.