From July 9 to 25, 2025, Ethereum ETFs demonstrated an unprecedented 17 consecutive days of net inflows, reflecting heightened interest from institutional investors in the asset.
Historic Record of Inflows
Between July 9 and 25, 2025, Ethereum ETFs recorded 17 consecutive days of net inflows, a historic record for a crypto asset. Inflows started at $211 million on July 9, peaked at $726.74 million on July 16 (over 200,000 ETH), and totaled $452.72 million on July 25. These volumes significantly exceed the daily issuance of the crypto network and underscore increased institutional interest in Ethereum.
BlackRock's Impact on the Market
Most recorded inflows are from BlackRock’s iShares Ethereum Trust (ETHA). On July 25, out of $453 million inflows into Ethereum ETFs, this product alone attracted $440.10 million, bringing its assets under management to $10.69 billion. With a 45.5% market share, ETHA is at the forefront of this institutional interest shift. Conversely, historically dominant Grayscale ETHE is experiencing outflows, which amounted to $23.49 million on July 25, indicating a significant reshaping of institutional preferences.
Demand for Ethereum Continues to Rise
According to Matt Hougan, Chief Investment Officer at Bitwise, cumulative inflows could reach $20 billion over the course of a year, translating to 5.3 million Ethereum purchases via ETFs while only 0.8 million ETH are created annually. This discrepancy suggests structural tension between exponential demand and limited supply, which could heavily impact the asset's price in the future. Since its transition to a proof-of-stake mechanism, Ethereum is leaning toward a deflationary dynamic, further restricting the available supply.
With 17 days of record inflows, Ethereum ETFs affirm a significant institutional interest configuration. Despite emerging competitors like Solana, Ethereum's current standing within the cryptocurrency ecosystem remains strong and impactful.
