By Key Points
- Ethereum ETFs hit $890M in inflows, the highest since approval
- ETH demand outpaces supply since the Merge in 2022
- BlackRock now owns 1.5% of all ETH in circulation
- Ethereum price rises 20%, crossing $3,000 this week
Ethereum ETFs in the US are experiencing a breakout moment. In just 11 days of July 2025, these funds have attracted a staggering $890 million in inflows, their strongest month since gaining SEC approval nearly a year ago.
These numbers suggest something bigger is brewing.
Big players like BlackRock and other corporate buyers are snatching up Ethereum faster than it’s being created. Since the 2022 Merge, Ethereum’s supply has slowed, but this July, ETFs alone bought nearly 380,000 ETH, far more than the net amount of new tokens.
With net inflows of $564.2 million in May, $1.17 billion in June, and an additional $507.4 million so far in July, the U.S. Ethereum ETFs have shown strong recent performance.
Yesterday’s net inflow of $211.3 million marked the eighth-best day on record. pic.twitter.com/bNqLq4sl65
— Mads Eberhardt (@MadsEberhardt) July 10, 2025
On top of that, private and institutional investors are doubling down. Combined, they’ve absorbed an amount of ETH that’s now pushing the price higher, with Ethereum jumping 20% in a week, climbing past $3,000 for the first time since February 2025.
Even seasoned traders are watching this activity closely. When ETFs begin moving this kind of volume so quickly, it often signals long-term institutional confidence, not just a short-term price play.
If these trends hold, July will become the most profitable month ever for Ethereum ETFs, surpassing all previous records since their inception in 2024.
To understand which projects might ride Ethereum’s wave, check out our guide on 8 Altcoins to Watch Right Now.
Spot Ethereum ETF Monthly Inflow Since Approval. Source: SoSoValue
BlackRock, Whales Drive Demand in a Tight Market
ETF issuers are behaving aggressively, and none more than BlackRock.
The world’s largest asset manager now holds 1.5% of Ethereum’s circulating supply, valued at around $4.5 billion. That’s a significant chunk of ETH under one institutional umbrella — and it’s influencing both price and sentiment.
This sharp demand is creating a squeeze. There simply aren’t enough new tokens being issued to meet the appetite. Since Ethereum’s switch to proof-of-stake, new ETH issuance has dropped dramatically. So when large ETF issuers and whales both start buying rapidly, supply tightens, and prices react.
Net ETH newly issued (inc. the burn) since The Merge (1030 days ago): ~373,000 ETH
Net inflows into the ETH ETFs over the last 9 trading days: ~380,000 ETH
It took just 9 days for the ETH ETFs alone to swallow up all of the net newly issued ETH over the last 1030 days.
— sassal.eth/acc 🦇🔊 (@sassal0x) July 11, 2025
In fact, over the last nine days alone, Ethereum ETFs have acquired more ETH than the total amount newly issued since the Merge. That imbalance is giving ETFs an unexpected level of control over Ethereum’s market behavior.
Other firms are following suit. As ETF performance makes headlines, more institutional investors may be encouraged to diversify into Ethereum, especially with the spotlight slowly moving from Bitcoin to altcoins. You can explore the latest Bitcoin transfer theories that hint at ETH’s growing influence in institutional portfolios.
US Ethereum ETFs Set For Their Best Month Since SEC Approval – https://t.co/eZ66dseJYo pic.twitter.com/M81amhXUO3
— Crypto News (@lypp) July 11, 2025
Also, macro factors are playing a role. With expectations rising for a Fed rate cut in July 2025, investors are shifting capital into risk-on assets like crypto. Lower interest rates typically lead to a higher appetite for speculative investments, and Ethereum stands out as the most institutionally trusted altcoin.
Could This Spark a New Altcoin Season?
While Ethereum is leading the current rally, the broader altcoin market is beginning to feel the heat. Historically, strong performances from ETH have preceded large gains in other Layer 1 tokens and DeFi projects.
The rising dominance of Ethereum ETFs might not only push ETH further but also reignite investor interest in other smart contract platforms, like Solana, Avalanche, and Arbitrum. If Ethereum maintains momentum above $3,000 and ETF inflows remain consistent, the market could tip into full altseason territory.
There’s also a psychological factor at play. When investors see institutional giants like BlackRock bet big on ETH, they often start looking for “the next Ethereum” — driving capital into other tokens with similar fundamentals or growth narratives.
One such token gaining attention in presales is Pump.fun’s new launch, which is drawing in speculative capital from ETH-rich investors seeking high-upside plays.
Meanwhile, some stablecoins like USDF have shown volatility, dropping to $0.94 amid liquidity shifts. Events like this highlight the growing preference for Ethereum-backed products, seen as more stable in uncertain DeFi conditions.
For now, Ethereum is the main attraction. But as we move through Q3, expect attention to spill over into the wider crypto ecosystem.
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