U.S.-listed spot Ethereum ETFs continued their impressive momentum on Friday, raking in $452.72 million in net inflows and stretching their winning streak to 16 consecutive trading days, according to figures from SoSoValue.
BlackRock’s iShares Ethereum Trust (ETHA) remained the top performer, accounting for the lion’s share with $440.10 million in net daily inflows. With this boost, ETHA’s total assets under management have reached $10.69 billion — the highest among U.S.-based Ether ETFs.
Trailing behind, Bitwise’s ETHW saw $9.95 million in new funds, while Fidelity’s FETH pulled in $7.30 million. Grayscale’s ETHE, however, continued its streak of outflows, losing another $23.49 million and increasing its cumulative net redemptions to $4.29 billion — the largest loss among all Ether ETF offerings.
Since their debut, total net inflows across all U.S. spot Ether ETFs have climbed to $9.33 billion, with combined assets reaching $20.66 billion — equivalent to 4.64% of Ethereum’s current market cap. Trading volume on Thursday alone was $1.5 billion.
Ethereum ETFs Build Momentum with 16-Day Surge
This 16-day inflow streak began on July 2, steadily building momentum. The peak so far came on July 16, with $726.74 million in inflows. Several other days have seen inflows exceeding $300 million, pushing the total from $4.25 billion at the start of the run to over $9.33 billion.
Investors, including institutional players, are showing increased confidence in Ether’s long-term role in decentralized finance, staking, and smart contract ecosystems.
“The growth of stablecoins and tokenization is driving a new wave of interest in Ethereum-based products,” said Matt Hougan, CIO at Bitwise, in a recent X post. He projects that demand from both ETPs and institutions could reach $20 billion worth of ETH over the next 12 months — roughly 5.33 million ETH at today’s prices.
In contrast, Ethereum’s projected issuance for the same period is around 0.8 million ETH, suggesting a potential demand-supply imbalance that could favor long-term holders.
Bitcoin ETFs Bounce Back with $130M Inflows
On the Bitcoin front, spot ETFs saw a positive turnaround on Friday with $130.69 million in net inflows. This comes after a rough patch earlier in the week, which saw outflows of $131.35 million on July 21, followed by additional losses of $67.93 million and $85.96 million on July 22 and 23.
The latest rebound brings total net inflows for spot Bitcoin ETFs to $54.82 billion, with total assets now standing at $151.45 billion. Despite recent volatility, July has included several major inflow sessions, including $1.18 billion on July 10 and $1.03 billion on July 11.
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