Spot Ether ETFs clock $5.4B monthly inflow record amid 20-day streak

Key Points

1. Spot Ether ETFs recorded $5.43 billion in net inflows in July, a 369% increase from June, with total net assets rising to $21.52 billion.

2. The ETFs extended their daily inflow streak to 20 consecutive days, with BlackRock’s iShares Ethereum Trust (ETHA) leading with $9.74 billion in cumulative net inflows.

3. Ether's price surged nearly 60% in July, reaching a high of $3,933, contributing to the ETF inflows.

4. The NFT sector also benefited, with July sales volume hitting $574 million, a 47.6% increase from June, though still below January's record of $678 million.

5. Spot Ether ETFs' performance neared that of Bitcoin ETFs, which recorded $6.02 billion in net inflows in July, a 30% increase from June.