BlackRock Leads Spot Ethereum ETF Inflow Streak to Two Days

Spot Ethereum exchange-traded funds (ETFs) have seen net inflows for two consecutive trading days, according to data from Farside Investors.

The $9 million in net inflows on July 31 follows a modest but sustained interest in the asset class, with investors assessing its role in diversified portfolios.

BlackRock's iShares Ethereum Trust (ETHA) led the day with $15.4 million in net inflows, while other major funds such as Fidelity's Ethereum Fund (FETH), Bitwise's Ethereum Strategy ETF (ETHW), and Grayscale's Mini Ethereum Trust (ETH) saw outflows.

The divergence highlights a market where investor preference is increasingly concentrated in a few dominant products, with institutional interest warming to Ethereum's distinct value proposition, particularly its role in decentralized finance and smart contract applications.