Spot Ethereum ETFs Set A New Record In July With $5.4 Billion Monthly Inflow

In a powerful show of investor confidence, spot Ethereum exchange-traded funds (ETFs) broke all records in July with $5.43 billion in net inflows. It marks the highest monthly inflow since their market debut and reflects a sharp 369% rise from June’s inflow of $1.16 billion.

With 20 straight days of net inflows, spot ETH ETFs are now cementing Ethereum’s growing role as a leading digital asset in the eyes of traditional market participants.

Spot Ethereum ETFs Hit Milestone With $5.43 Billion Inflow

According to data from SoSoValue, the $5.43 billion net inflow in July also dwarfed May’s $564 million and April’s $66.25 million. It completely reversed the negative outflow trend seen in March, which saw a $403 million drop. As a result of this rise, cumulative net inflows across all spot Ether ETFs have now reached $9.64 billion, showing a 129% increase compared to June’s cumulative total.

The massive growth didn’t stop at inflows alone. Total net assets across all spot ETH ETFs jumped to $21.52 billion, doubling from $10.32 billion just a month earlier. These funds now account for 4.77% of Ethereum’s entire market capitalization, showing that ETFs are becoming a gateway for capital entering the ETH market.

Institutional interest has played a role in this growth as BlackRock’s ETHA remains the leading spot Ethereum ETF by assets, pulling in $18.18 million on July 31 and now holding $11.37 billion. Fidelity’s FETH also gained $5.62 million that same day, raising its net assets to $2.55 billion. Grayscale’s ETHE still manages a solid $4.22 billion asset base, even with a $6.8 million outflow, showing its continued relevance.

Ethereum Price Rallies As ETF Inflows Hit New Highs

The record-setting ETF inflows also lined up with a sharp price rally in ETH throughout July. ETH started the month at $2,486 and climbed to a high of $3,933, an increase of nearly 60%. By the end of the month, it had settled at $3,698, making July Ethereum’s strongest monthly price move since October 2021. The steady rise in ETF inflows could be a key driver behind this surge, showing that more capital entering the space may have directly boosted market sentiment and pricing.

The ETH rally also marked the longest single-day gains came mid-month, including $726.7 million on July 16, $602 million on July 17, and $533.8 million on July 22.

Ethereum could challenge its all-time high of $4,878, set in November 2021, as its rising role in decentralized finance and the current pace of inflows and trading activity continues, it could soon take center stage in a broader altcoin-led market cycle.