Spot Ether ETFs Record $533M Inflow as Demand Surges

July 23, 2025, spot Ether ETFs saw a massive $533 million in daily inflows, extending their 13-day accumulation streak and pushing total inflows above $8.3 billion.

BlackRock and Fidelity continued to lead institutional demand for Ethereum exposure.

Spot Ether ETF inflows extend to 13 days straight

Spot Ether ETFs have now recorded 13 consecutive days of net inflows, totaling over $4 billion during this streak. On July 16, BlackRock’s Ethereum Trust (ETHA) brought in $426.2 million, while Fidelity’s FETH added $35 million, according to SoSoValue data. The sustained demand signals strong institutional interest in Ethereum through regulated ETF products.

Spot Ether ETFs surpass $8.3B in total inflows

Total all-time inflows into spot Ether ETFs have now crossed $8.32 billion, reflecting growing confidence in Ethereum’s long-term value. Combined assets under management for all Ether ETFs have surpassed $19.8 billion, representing more than 4.4% of Ethereum’s circulating market cap.

Spot Ether ETFs expected to create supply squeeze

Bitwise CIO Matt Hougan noted that ETH ETFs may attract $20 billion in net demand over the next year, while Ethereum is only projected to issue about 0.8 million ETH during that time. This creates a 7x imbalance between demand and new supply, raising expectations for upward pressure on ETH’s price.

Ethereum accumulation accelerates onchain

Onchain data from Lookonchain revealed that five new wallets withdrew 76,987 ETH ($285 million) from Kraken on July 17. The movement suggests strategic accumulation by large players and a continued drop in exchange-held ETH, reinforcing bullish sentiment driven by spot Ether ETFs.

Bitcoin ETFs record daily outflows

While spot Ether ETFs gained momentum, spot Bitcoin ETFs saw $67.93 million in net outflows. Major redemptions came from Bitwise’s BITB and ARK’s ARKB, while Grayscale’s GBTC saw minor inflows. Despite this pullback, Bitcoin ETFs still hold a larger share of the total ETF market.