- BlackRock’s ETHA ETF recorded a $489 million inflow on July 16, the largest single-day inflow for any Ethereum ETF to date.
- Ethereum ETFs have pulled in $2.27 billion since June, marking their most profitable month ever and signaling rising institutional demand.
- SharpLink Gaming now holds over 280,000 ETH, surpassing the Ethereum Foundation and leading a wave of corporate ETH treasury adoption.
Leading Ethereum ETF, BlackRock’s ETHA, just pulled in a record-breaking ETH accumulation on July 16. Overall, the fund registered nearly half a billion dollars in inflows, marking the single highest inflow day for an Ether-based ETF in history.
If a couple of months back, Ethereum ETFs appeared to be lagging behind Bitcoin exchange-traded funds, the story seems to have changed in recent weeks. Since July 1st, Ethereum ETFs from BlackRock, Grayscale, Bitwise, 21 Shares, and more have pulled in over $2.27 billion in ETH.
Unless we see major outflows over the next few days, Ethereum ETFs are heading into their most profitable 1-month period ever. ETHA now manages $7.11 billion in ETH, nearly half of the total Ethereum ETF landscape, which controls over $16 billion in assets under management.
Institutional ETH On The Rise
This surge in ETF inflows isn’t happening in isolation. It reflects a broader trend among institutions embracing Ethereum not only as an investment vehicle but as a treasury asset.
We saw this trend in Bitcoin treasuries from 2024 onward, and now Ethereum treasuries appear to be picking up the pace. SharpLink Gaming currently holds over 290,000 ETH, making it the largest corporate holder of Ethereum. Meanwhile, Bit Digital sold its entire Bitcoin position and used the funds to allocate Ether.
While Ethereum is not as scarce as Bitcoin, arguably making a lesser store of value, its ability to provide staking rewards makes institutional adoption extremely attractive to some firms. Now that the SEC appears to have eased off on going after staking-as-a-service, companies are increasingly comfortable integrating ETH staking into their treasury strategies without fear of regulatory backlash.
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