Ethereum ETFs have shown significant growth by recording $533.87 million in net inflows, resulting from increased institutional interest.
Record Inflows in Ethereum ETFs
On July 14, Ethereum ETFs reached a record $533.87 million in net inflows during a 13-day streak of positive movements. According to SoSoValue, BlackRock's iShares Ethereum Trust led this surge with impressive daily inflow of $426.22 million.
What Drives the Growing Demand
Vincent Liu, CIO at Kronos Research, attributes the sustained interest to declining Bitcoin dominance and a growing institutional appetite for Ethereum assets. He states that consistent daily inflows indicate institutional sentiment rather than speculative trading.
Market Impact and Future Prospects
The outlook for Ethereum remains positive with expected ETH issuance dropping to only 0.8 million. This creates a supply-demand imbalance that could lead to further price increases. Meanwhile, Bitcoin ETFs are experiencing outflows, indicating a shift in asset allocation among institutional investors.
The growing interest in Ethereum ETFs highlights a change in the investment strategies of institutional investors, which may lead to significant shifts in the crypto market in the future.
