Just 11 days into July, inflows have already topped $890 million—putting the month on track to become the second-best ever […]
The post Ethereum ETFs Attract Record Inflows as Institutions Accelerate Accumulation appeared first on Coindoo.
Just 11 days into July, inflows have already topped $890 million—putting the month on track to become the second-best ever for U.S.-listed Ethereum ETFs since their launch in 2024.
Ethereum’s price has surged nearly 20% over the past week, climbing past $3,000 for the first time since February. This momentum comes as major asset managers and corporate investors aggressively accumulate ETH, with ETF issuers and whales competing for available supply. According to data from SoSoValue, recent inflows have outpaced Ethereum’s new token issuance since the 2022 Merge.
BlackRock, one of the largest ETF issuers, has reportedly secured about 1.5% of ETH’s circulating supply, valued at nearly $4.5 billion. This scale of accumulation is not only driving up demand but also thinning out available supply on the market, amplifying price pressure.
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If the trend holds, Ethereum ETFs could soon eclipse their Bitcoin counterparts in terms of net flows—a notable shift after months of Bitcoin dominance. With Wall Street embracing ETH at this pace, analysts are watching closely for signs of a broader altcoin rally in the months ahead.
The post Ethereum ETFs Attract Record Inflows as Institutions Accelerate Accumulation appeared first on Coindoo.
Source: https://coindoo.com/ethereum-etfs-attract-record-inflows-as-institutions-accelerate-accumulation/
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Benson Toti
Benson Toti