July 2023 has seen significant growth in fund inflows secured by Ethereum, reflecting renewed interest from investors in the cryptocurrency market.
Record Inflows into Ethereum ETFs
In July 2023, there was a 369% increase in inflows into Ethereum ETFs compared to June, reaching a total volume of $9.7 billion. The total assets under management for Ethereum ETFs have doubled, reaching $21.5 billion.
Increase in Trading Activity
The trading activity of Ethereum also surged, with volumes climbing to $33.9 billion compared to just over $10 billion in June. The sector recorded 20 consecutive days of inflows through month-end, underscoring renewed investor demand.
Impact on the NFT Market
The growing interest in Ethereum has also invigorated the NFT market, where monthly sales hit $574 million, marking the second strongest figure of 2025. This highlights a broadening demand from investors across different segments of the cryptocurrency space.
The July surge in inflows into Ethereum ETFs and trading activity indicates a recovery of investor interest in cryptocurrencies. The dynamics in the market have also positively affected NFT sales, confirming overall trends in the industry.
