Ethereum-linked spot exchange-traded funds attracted roughly US$717 million in net subscriptions on 16 July, the largest single-day haul since the products launched. The surge eclipsed the previous record of US$428 million set on 5 December 2024 and was driven largely by BlackRock’s ETHA vehicle, which alone absorbed about US$500 million.

Over the past five trading sessions, investors have poured an estimated US$1.8 billion into the new ETH funds. The day’s buying power was stark compared with underlying supply: the ETFs acquired about 221,000 ether, more than 100 times the roughly 2,000 ETH newly issued by the network during the same period. Spot prices for the token edged toward US$3,500 in late trading.

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