Ethereum ETFs Set Daily Record With $726 Million in Investments as ETH Soars
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In brief Ethereum ETFs added more than $726 million in net inflows on Wednesday, the best day in their trading history. The funds have generated inflows for nine consecutive days. The record came as Ethereum’s price hit its highest level since January. Ethereum exchange-traded funds generated more than $726 million in investments on Wednesday, the highest level in their nearly year-long trading history, as the price of their underlying asset rose to its highest level since January. The nine funds have collectively netted $2.3 billion over a nine-day streak of inflows dating to July 3, according to UK asset manager Farside Investors. Ethereum was recently trading just below the $3,500 mark on Thursday, continuing its own recent momentum with a 23% spike over the last seven days. The price gains have been fueled in part by Ethereum treasury firms adding to their holdings. On Thursday, the Peter Thiel-backed BitMine Immersion surpassed $1 billion in Ethereum after adding $500 million in ETH to its holdings. The firm, which hopes to control 5% of all Ethereum held or staked, debuted its strategy earlier this month. And this week, gambling marketing firm turned Ethereum accumulator SharpLink Gaming bought $225 million worth of Ethereum. The Minnesota company’s purchase followed a $425 million raise, with Consensys CEO and Ethereum co-founder Joseph Lubin joining SharpLink’s board of directors. (Disclosure: Consensys is one of 22 investors in an editorially independent Decrypt.) The ETFs’ surge has also dovetailed with renewed optimism about the Ethereum network’s usefulness, particularly as the main protocol for stablecoin transactions. That market is likely to grow with the expected House passage of the GENIUS Act, analysts say. “ETH stands to benefit much more from the passage of the GENIUS Act stablecoin bill than does BTC,” wrote analyst Noelle Acheson in her Crypto Is Macro…
Filed under: News - @ July 18, 2025 10:31 am