<\/p>\n
Ethereum spot ETFs have recorded net positive flows for 20 consecutive trading days.<\/p>\n
This accumulation streak, highlighted by a $17 million net intake on July 31, stands in stark contrast to Bitcoin ETFs, which saw a $115 million exit on the same day, their first outflow after five days of gains.<\/p>\n
The latest run of 20 days surpassed an earlier one of 19 green days between May 16 and June 12, cut short by $2.18 million in outflows on June 13. This was followed by a few days of intermittent flows before the current spree kicked off in earnest on July 3.<\/p>\n
It has since pushed cumulative allocations<\/a> to $9.64 billion, per SoSoValue data, with July alone seeing $5.41 billion in net capital directed toward ETH ETFs, more<\/a> than the combined total of the previous 11 months.<\/p>\n BlackRock\u2019s ETHA remains the market leader, attracting $18.18 million on July 31 and now holding $11.37 billion in assets, representing 2.52% of ETH\u2019s market cap. Meanwhile, Grayscale\u2019s ETHE reported $6.8 million in withdrawals, though its $4.22 billion asset base shows its continued relevance. Fidelity\u2019s FETH recorded a $5.62 million boost, bringing its net assets to $2.55 billion.<\/p>\n The momentum is striking when viewed against historical trends. The last recorded outflow was on July 8, after which funds posted some of their largest single-day gains, including $726.7 million on July 16, $602 million on July 17, and $533.8 million on July 22. These inflows helped Ethereum ETF assets climb to $21.52 billion, roughly 4.77% of the cryptocurrency\u2019s market cap.<\/p>\n Despite the ETF-fueled demand, ETH slipped 2.4% in the last 24 hours to around $3,786, following a brief rally to $3,933 earlier this week. However, the token is up 53% in the past 30 days, outpacing Bitcoin\u2019s rangebound movement between $116,000 and $119,000.<\/p>\n Industry analysts see these ETF flows as structurally bullish. Recently, QCP Capital cautioned<\/a> that overheated funding rates could introduce near-term resistance around $4,000, but it stressed that continued institutional demand, paired with corporate treasuries like SharpLink Gaming and BitMine accumulating billions in ETH, may underpin further upside.<\/p>\n Meanwhile, on July 31, the total value traded across ETH ETFs stood at $1.28 billion. If this pace holds, it could help ETH challenge its November 2021 all-time high of $4,878 sooner than expected, potentially cementing its role as the frontrunner<\/a> in an altcoin-led cycle.<\/p>\nEthereum Price Action<\/h2>\n
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