Spot Ethereum exchange-traded funds pulled in $105 million during the week of July 13–17, the strongest weekly net inflow since April 2026, according to data compiled across the nine U.S. issuers. The figure marks a clear reversal from the prior week’s $84 million inflow, which itself ended an eight-week stretch of net outflows that had weighed on the market.
BlackRock's ETHA leads the charge
BlackRock’s iShares Ethereum Trust (ETHA) accounted for the bulk of the positive flows. On July 15 alone, ETHA captured $45.29 million of the $53.83 million that flowed into the complex that day. The fund’s cumulative net inflow since launch in July 2024 now stands at $11.28 billion — a number that, oddly, exceeds the stated complex-wide cumulative total of $11.07 billion. The discrepancy may be a timing or reporting difference, but it hasn’t been explained by the issuers.
Ethereum price holds a key zone
ETH traded around $1,845 during the inflow week, with the $1,800–$1,900 range acting as a critical demand zone. The $105 million weekly figure, while the best since April, remains modest compared to the peaks seen in 2024 and early 2025, when weekly inflows routinely topped $500 million.
Bitcoin ETFs also see action
On the Bitcoin side, U.S. spot ETFs recorded $108 million in net inflows on July 15 alone. BlackRock’s IBIT posted the largest single-day intake at $80.82 million. The parallel strength in both ETF categories suggests renewed institutional appetite, though the Ethereum numbers are still catching up to their Bitcoin counterparts.
The unanswered question
The $210 million gap between BlackRock’s reported ETHA cumulative inflow and the complex-wide total remains an unresolved data point. It’s not clear whether the discrepancy reflects a lag in reporting from other issuers or a simple arithmetic error. Either way, the market is watching the next weekly release to see whether the inflow momentum can hold — or if the eight-week slump was just a pause.
