Ethereum (ETH) Spot Exchange-Traded Funds (ETF) registered its fastest “$1 billion jump” in history to $6 billion to $7 billion over two days, according to Farsise Investors. data.
Previously, the record was five days, with inflows jumping from $5 billion to $6 billion between July 10th and July 16th.
Between July 16th and 17th, the US traded spot Ethereum ETF added $1.32 billion. The movement was heavily driven by BlackRock’s ETHA, adding $1.04 billion over that period, accounting for 79%.
In particular, July 16th was the day when the biggest day inflow of Ethereum ETFs was over $726 million in captured assets.
Nate Geraci, co-founder of ETF Institute Highlighted That ETHA is the fifth largest ETF in terms of weekly influx as of UTC on July 18th at 4pm.
This is one place above What ETHA registered last weekthe fund was the sixth largest by influx, and was the first to join “big dogs.”
At the same time, BlackRock’s Spot Bitcoin ETF, IBIT, is the first of nearly $3 billion. As a result, the two crypto-related ETFs are one of the five largest net flows per week out of over 4,300 funds worldwide.
The third largest weekly average
Additionally, Ethereum ETF is on track to register one of the largest weekly inflow ratios compared to Bitcoin ETFs.
As of July 17th, the total inflows into ETH-related funds were nearly $1.78 billion compared to $2.02 billion from Bitcoin ETFs. The ETH/BTC inflow ratio is 88%, the third largest weekly average ratio in history.
The largest proportion, 206.2%, was registered weekly between February 3rd and 7th. At that time, Ethereum ETF absorbed $420 million compared to $230 million from Bitcoin ETF.
The second largest ratio is 157% as Ethereum ETF attracted $557.8 million inflows.