ETH ETFs See Record Inflows, Over 100x Daily Ethereum Network Issuance – Crypto News – Crypto News
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ETH ETFs See Record Inflows, Over 100x Daily Ethereum Network Issuance ETH ETFs See Record Inflows, Over 100x Daily Ethereum Network Issuance

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ETH ETFs See Record Inflows, Over 100x Daily Ethereum Network Issuance – Crypto News

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Ethereum ETFs saw their highest daily inflows yet, led by BlackRock’s fund.

Spot Ethereum ETFs are seeing more demand than the amount of new ETH coming into circulation. On July 16, U.S.-listed spot Ethereum ETFs saw their biggest day of inflows yet, taking in over $726 million worth of ETH — more than 200,000 coins — according to data from SoSoValue.

That’s over 100 times more than the Ethereum network issued that day, figures from Ultrasound Money show.

U.S. spot ETH ETF inflows by product. Source: Farside

BlackRock’s product, ETHA, brought in the lion’s share of yesterday’s inflows, with $499 million, followed by Fidelity’s FETH at $113 million. So far, spot Ethereum ETFs have attracted about $6.5 billion total since launching in July 2024, but that’s still far behind Bitcoin ETFs, which have pulled in $53.8 billion since they started trading in January 2024.

ETH Treasuries

On the corporate ETH treasury side, BitMine Immersion — which recently pivoted from a Bitcoin-focused firm to Ethereum, appointed Fundstrat’s Tom Lee as chairman of the board, and attracted a 9.1% passive stake from Founders Fund — announced that its Ethereum treasury holdings have reached $1 billion, exceeding initial plans.

In a press release today, the company said that it currently holds over 300,000 ETH purchased at $3,461.89 per ETH, and plans to stake enough to eventually control around 5% of the total ETH supply.

As capital poured in yesterday, the price of spot ETH jumped to around $3,400, pushing to nearly $3,500 this morning, per The Defiant’s price tracking page, but has since retraced slightly.

As of press time, there are about 120.7 million ETH in circulation. Five percent of that is roughly 6 million ETH — at current prices, BitMine would need around $20.4 billion to buy that much. If BitMine staked all of it at today’s rate — just over 3.2% a year — it would earn about 193,000 ETH annually, which comes out to around $660 million at current prices.

The ETH/BTC ratio, which shows how much one Ethereum is worth compared to one Bitcoin has surged to ₿0.02884, the highest level since February 2025, according to CoinGecko data

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