Thomas Daniels
Spot Ether exchange‑traded funds in the United States surged to a record $5.43 billion in net inflows during July, a 369% month‑over‑month increase from June’s $1.16 billion. This marks the highest monthly inflow since the launch of ETH ETFs, surpassing May’s $564 million and April’s $66.3 million, while decisively reversing March’s $403 million outflow.
The July performance lifted cumulative net inflows for U.S. Spot ETH ETFs to $9.64 billion, a 129% rise over June levels. Simultaneously, total assets under management across these products surged to $21.52 billion, more than doubling the $10.32 billion recorded just a month earlier.
In parallel, trading volumes escalated, reaching $33.87 billion in July—up 236% from June’s $10.08 billion—signaling intensifying liquidity and investor interest.
ETH ETFs also marked an uninterrupted 20‑day streak of net inflows, with the last recorded outflow occurring on July 2.
BlackRock’s iShares Ethereum Trust (ETHA) continued to lead the market, amassing $9.74 billion in cumulative net inflows and holding $11.37 billion in net assets by month‑end.
The ETF inflow rally mirrored Ethereum’s price trajectory, which climbed by nearly 60% in July—from $2,469 on June 30 to a high of approximately $3,933 during the month.
The broader Ethereum ecosystem also registered growth: NFT sales volumes on the Ethereum network reached $574 million, reflecting a 47.6% gain from June’s $388 million. This made July the second‑strongest month for NFT transactions in 2025, following January’s $678 million peak. The top ten NFT collections by market capitalization in July were exclusively Ethereum‑based.
