The collective trading volume for newly launched Ethereum Exchange-Traded Funds (ETFs) has exceeded $3.1 billion, signaling strong institutional demand and fueling positive price momentum for the asset. BlackRock has emerged as the dominant player within this space, generating over $2.15 billion in volume alone. Grayscale, Fidelity, and Bitwise follow, contributing significantly to the overall figure.
The impressive ETF volume coincides with a sustained inflow trend. These funds have recorded net inflows for 12 consecutive days, collectively adding approximately 51,800 ETH ($195 million) during this period, underscoring growing investor confidence.
Complementing the spot market activity, trading volumes for Ethereum futures contracts have surged by 27%. This points to heightened activity across derivative markets, suggesting broader institutional momentum building around Ethereum.
Currently, Ethereum’s price is consolidating near the $3,760 level. Market analysts are closely monitoring this stability just below the psychologically significant $4,000 resistance threshold. Many view a potential breach of this level as a powerful catalyst capable of triggering substantial further price appreciation.
Adding to the market’s strength, retail investor engagement with Ethereum has also increased. Participation levels have risen by 16% since the start of July, indicating a broadening appeal beyond just institutions.