BlackRock’s ETH ETF Draws $546M as 10-Day Inflows Hit $2.1B

Key Points

1. BlackRock’s ETHA attracted $546.7 million in a single day, marking a record and part of a $2.1 billion 10-day inflow streak.

2. Spot Ethereum ETFs collectively saw daily net inflows of $602.02 million on July 17, nearing the all-time high of $726.74 million set on July 16.

3. ETHA led the inflows with $546.7 million, while other ETFs like Fidelity’s FETH ($17.19 million) and Grayscale’s traditional ETH fund ($29.9 million) also saw significant inflows.

4. Combined assets under management for all Ethereum ETFs reached $17.32 billion, representing 4.19% of ETH’s total market cap.

5. ETH’s price surged to $3,630, marking an 8.5% increase in a day and a 22.2% rise over the past week, driven by institutional investment.