cryptoslate.com
Ethereum ($ETH) spot exchange-traded funds (ETFs) registered the fastest “$1 billion leap” in net inflows in their history, jumping from $6 billion to $7 billion in two days, according to Farside Investors’ data.
The previous record was five days, when the inflows jumped from $5 billion to $6 billion between July 10 and July 16.
Between July 16 and 17, the US-traded spot Ethereum ETFs added $1.32 billion. The movement was heavily driven by BlackRock’s ETHA, which added $1.04 billion in the period, representing 79%.
Notably, July 16 was the day with the largest daily inflows for Ethereum ETFs, surpassing $726 million in captured assets.
ETF Institute co-founder Nate Geraci highlighted that ETHA is the fifth-largest ETF in terms of weekly inflows with $1.26 billion as of July 18, 4:00 P.M. UTC.
This is one spot above what ETHA registered last week, as the fund was the sixth-largest by inflows and joined the “big dogs” for the first time.
At the same time, BlackRock’s spot Bitcoin ETF, IBIT, is the first with nearly $3 billion. As a result, two crypto-related ETFs are among the five largest by weekly net flows, out of over 4,300 funds globally.
Third-largest weekly ratio
Furthermore, Ethereum ETFs are on track to register one of the largest weekly inflow ratios compared to Bitcoin ETFs.
As of July 17, the total inflows into $ETH-related funds are nearly $1.78 billion, compared to $2.02 billion from Bitcoin ETFs. The $ETH/BTC inflow ratio is then at 88%, the third-largest weekly ratio in history.
The largest ratio, at 206.2%, was registered in the week between February 3 and 7, when Ethereum ETFs absorbed $420.2 million compared to $203.8 million from Bitcoin ETFs.
The second-largest ratio is 157%, as Ethereum ETFs attracted $557.8 million in inflows, while their Bitcoin counterparts captured $355.2 million between November 25 and 29.