ETH Price Falls, But Ethereum ETFs Keep Breaking Records

Key Points

1. Ethereum spot ETFs recorded a net intake of $17 million on July 31, contrasting with Bitcoin ETFs' $115 million outflow on the same day.

2. The 20-day inflow streak surpassed a previous 19-day streak, with cumulative allocations reaching $9.64 billion, including $5.41 billion in July alone.

3. BlackRock’s ETHA led with $18.18 million in inflows on July 31, holding $11.37 billion in assets, while Grayscale’s ETHE saw $6.8 million in withdrawals.

4. Fidelity’s FETH recorded a $5.62 million boost, bringing its net assets to $2.55 billion, contributing to Ethereum ETF assets totaling $21.52 billion (4.77% of ETH’s market cap).

5. Despite a 2.4% price drop in 24 hours, ETH is up 53% in the past 30 days, with analysts viewing ETF flows as structurally bullish and potentially driving ETH toward its all-time high.