Ethereum spot ETFs have recorded net positive flows for 20 consecutive trading days.<\/p>\n
This accumulation streak, highlighted by a $17 million net intake on July 31, stands in stark contrast to Bitcoin ETFs, which saw a $115 million exit on the same day, their first outflow after five days of gains.<\/p>\n
The latest run of 20 days surpassed an earlier one of 19 green days between May 16 and June 12, cut short by $2.18 million in outflows on June 13. This was followed by a few days of intermittent flows before the current spree kicked off in earnest on July 3.<\/p>\n
It has since pushed cumulative allocations<\/a> to $9.64 billion, per SoSoValue data, with July alone seeing $5.41 billion in net capital directed toward ETH ETFs, more<\/a> than the combined total of the previous 11 months.<\/p>\n BlackRock\u2019s ETHA remains the market leader, attracting $18.18 million on July 31 and now holding $11.37 billion in assets, representing 2.52% of ETH\u2019s market cap. Meanwhile, Grayscale\u2019s ETHE reported $6.8 million in withdrawals, though its $4.22 billion asset base shows its continued relevance. Fidelity\u2019s FETH recorded a $5.62 million boost, bringing its net assets to $2.55 billion.<\/p>\n The momentum is striking when viewed against historical trends. The last recorded outflow was on July 8, after which funds posted some of their largest single-day gains, including $726.7 million on July 16, $602 million on July 17, and $533.8 million on July 22. These inflows helped Ethereum ETF assets climb to $21.52 billion, roughly 4.77% of the cryptocurrency\u2019s market cap.<\/p>\n Despite the ETF-fueled demand, ETH slipped 2.4% in the last 24 hours to around $3,786, following a brief rally to $3,933 earlier this week. However, the token is up 53% in the past 30 days, outpacing Bitcoin\u2019s rangebound movement between $116,000 and $119,000.<\/p>\n Industry analysts see these ETF flows as structurally bullish. Recently, QCP Capital cautioned<\/a> that overheated funding rates could introduce near-term resistance around $4,000, but it stressed that continued institutional demand, paired with corporate treasuries like SharpLink Gaming and BitMine accumulating billions in ETH, may underpin further upside.<\/p>\n Meanwhile, on July 31, the total value traded across ETH ETFs stood at $1.28 billion. If this pace holds, it could help ETH challenge its November 2021 all-time high of $4,878 sooner than expected, potentially cementing its role as the frontrunner<\/a> in an altcoin-led cycle.<\/p>\n The post ETH Price Falls, But Ethereum ETFs Keep Breaking Records<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum spot ETFs have recorded net positive flows for 20 consecutive trading days. This accumulation streak, highlighted by a $17 million net intake on July 31, stands in stark contrast to Bitcoin ETFs, which saw a $115 million exit on the same day, their first outflow after five days of gains. Institutional Appetite The latest […]<\/p>\n","protected":false},"author":0,"featured_media":85575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-85574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/85574"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=85574"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/85574\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/85575"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=85574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=85574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=85574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Ethereum Price Action<\/h2>\n