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BlackRock’s ETHA ranks as the fourth-largest ETF by 30-day inflows as Ethereum investment funds target $10 billion.
Spot Ethereum (ETH) exchange-traded funds (ETFs) are nearing the $10 billion threshold in inflows this month, with BlackRock’s ETHA positioning itself as the fourth-largest ETF by inflows over the past 30 days.
As per Farside Investors’ data, spot Ethereum ETFs have gathered $9.3 billion in inflows as of July 25. This marks a 120% rise from the $4.2 billion noted on July 1, indicating 16 consecutive days of inflows.
The average daily inflow is $233 million, which would amount to over $930 million in the remaining four trading days of July.
Even if the average does not continue, the ETFs need $162.5 million daily to hit the $10 billion mark, and 13 out of 16 trading days with inflows have exceeded this figure.
ETHA leads significantly in inflows, accounting for $9.34 billion in total flows, nearly four times the $2.35 billion in inflows of Fidelity’s FETH. In July, the BlackRock fund constituted 91% of the overall total.
ETHA joins the “big boy club”
Bloomberg senior ETF analyst Eric Balchunas pointed out that ETFs attracted $97.6 billion in inflows over the last 30 days. ETHA has secured the position of the fourth-largest ETF, showing nearly $3.9 billion in inflows, which is about 4% of the total.
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Additionally, Balchunas noted that ETHA recorded the 17th-largest trading volume among ETFs as of July 28, 11:25 am ET. He remarked:
“$ETHA 17th most traded ETF today Top 0.4% of all ETFs, first time I recall seeing it in there. Given it is up 5% today and still pretty new a lot of this volume is gonna convert to inflows.”
At the time of reporting, ETHA’s daily trading volume is $1.35 billion, according to data from CoinMarketCap.
Rising conviction in Ethereum
Shawn Young, chief analyst at MEXC Research, evaluated that the increasing inflows are fueled by both institutional investors and corporate treasury firms’ interest in ETH.
In a statement, he mentioned that this growth signifies the heightened confidence in Ethereum’s utility, sustainability, and long-term viability, especially due to its applications in tokenization, stablecoins, and on-chain settlement.
He concluded:
“The rise of Ether ETF AUM to over $20 billion, which represents almost 5% of Ether’s total market cap, speaks to this growing strategic asset role it’s now occupying in institutional portfolios.”
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