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🚀 Ethereum ETFs Explode: $534M Daily Inflows Mark Third-Biggest Haul Since Launch

Wall Street's crypto crush hits new highs as spot Ethereum ETFs devour half a billion in a single day.

### The ETH ETF feeding frenzy isn't slowing down

With institutional money flooding in like clockwork—despite what the 'traditional finance' skeptics predicted—these products are proving they're more than just a Bitcoin sidekick. The $534 million surge lands as the third-strongest inflow day since launch, suggesting Ether might finally be shaking off its 'altcoin' training wheels.

### TradFi players late to the party (again)

While hedge funds scramble to reposition, crypto natives smirk—they've seen this movie before with BTC ETFs. The real question? Whether regulators will find new ways to slow the momentum now that the genie's out of the bottle. (Spoiler: They'll try.)

One cynical take? These inflows arrived right as ETH broke $3K—because nothing motivates finance bros like chasing green candles.

Ethereum ETF Inflows Driven by BlackRock and Grayscale as Smaller Funds Stay Flat

BlackRock’s ETHA led the pack, pulling in $426.22m in fresh capital. The ETF now manages over $10b in assets, accounting for 2.24% of Ethereum’s circulating supply.

On July 22, Spot Ethereum ETFs recorded a total net inflow of $534 million, marking the third-highest daily inflow in history. pic.twitter.com/6iMly8AXLP

— Wu Blockchain (@WuBlockchain) July 23, 2025

Fidelity’s FETH followed with $35.01m in net inflow, pushing its total assets past US$2.36b. Grayscale’s ETH fund saw $72.64m in new capital, while other players such as Franklin Templeton and Bitwise showed minimal or flat inflow activity.

Bitcoin ETFs See $68M Outflow as Ark and Bitwise Lead the Retreat

In contrast, spot Bitcoin ETFs posted a net outflow of $67.93m the same day. Grayscale’s GBTC was the only product in the group to record net inflow, adding $7.51m. Most other major funds, including Ark Invest’s ARKB and Bitwise’s BITB, saw outflows exceeding $30m.

Total net assets in US spot bitcoin ETFs now stand at $154.77b, about 6.5% of Bitcoin’s total market cap. Trading activity remained elevated, with daily volume reaching $4.01b across all funds.

Institutional Appetite for Ethereum ETFs Grows, Backed by Tokenized Use Cases

Katherine Wu, COO of ENS Labs, said the inflows reflect deepening institutional conviction. “In the year since launch, US-listed Ethereum ETFs have attracted nearly $6.5b in net inflows, including more than $2b in the past week alone. These are massive numbers that speak volumes: institutions aren’t just paying attention, they’re allocating.”

Much of that momentum is tied to tokenization, with over 55% of all tokenized assets built on Ethereum. Corporates including BlackRock, JPMorgan and Visa have already Leveraged the blockchain for tokenized treasuries, commercial paper and equity infrastructure.

Robinhood’s announcement of tokenized stock offerings on Ethereum layer-2 network Arbitrum has further cemented its status as the go-to platform for real-world assets.

Kean Gilbert, institutional relations lead at Lido DAO, noted that ETFs could evolve in the coming year to capture staking rewards while maintaining liquidity for redemptions. He said staking integration remains a challenge, especially in Europe where caps on staking exposure still apply.

However, with clearer US regulatory guidance expected on staking within ETF structures, tokenized staking instruments such as stETH may soon bridge the gap, giving institutions both yield and liquidity.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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