- Ethereum ETFs saw $3.57B in July inflows, marking their best month ever and outpacing Bitcoin ETFs.
- BlackRock’s ETHA led the charge, pulling in $2.63B and breaking its own all-time record.
- Fund managers are filing to add staking, making ETH ETFs more attractive for institutional treasury strategies.
Ethereum exchange-traded funds saw historic inflows this July as institutions embraced the idea of Ether as a corporate treasury asset. As of late, ETH-based ETFs are even outperforming Bitcoin ETFs.
Despite still having around a week before the end of the month, Ethereum ETFs have already registered their best-performing month to date. Overall, institutions accumulated $3.57 billion in ETH in July, bringing the cumulative net assets to over $19 billion.
In fact, the combination of all Ethereum ETFs is yet to register negative outflows in July, a clear reflection of the strong favoritism the asset has in the market today. Over $2 billion in flows were registered in the past week alone, even beating Bitcoin ETFs, which registered “only” $1.4 billion in inflows in that same time period.
BlackRock’s Ethereum ETF (ETHA) was largely responsible for this surge in inflows. Overall, ETHA pulled in $2.63 billion in inflows, also breaking an all-time record in inflows for BlackRock.
On top of the potential returns for the ETH exposure, Ethereum ETFs are also on the move to introduce staking benefits for shareholders. Last week, we reported how BlackRock and a handful of other fund managers were applying to the SEC to introduce staking benefits to their financial products.
The potential passive income is also attracting institutions looking to build their digital asset treasury around Ethereum. Akin to MicroStrategy’s “Bitcoin Plan”, companies like BitGet are quickly accumulating the asset, in what seems like a new chapter for Ether at an institutional level.
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