Fidelity’s Spot Ethereum ETF made headlines on July 2, 2025, after purchasing 10,730 ETH worth roughly $25.8 million. This sizable move, highlighted by Cointelegraph’s on-chain tracking, marks one of the ETF’s largest daily acquisitions in recent memory.
Surge in Ethereum ETF Activity
The Ethereum ETF landscape saw significant action in early July:
- U.S.-based spot Ethereum ETFs welcomed inflows totaling 93,427 ETH that week.
- Fidelity alone contributed 10,237 ETH on July 2.
- iShares added around 2,421 ETH during the same period.
- Some funds, however, recorded brief outflows, totaling approximately $1.9 million that day.
This activity reflects a dynamic yet bullish sentiment across the institutional investment landscape.
Fidelity Tightens Grip in ETH Race
Fidelity’s recent buys are part of a growing pattern of confidence. Just days earlier, the firm invested:
- Over $25 million (~10,283 ETH) on June 30.
- Nearly $28.9 million on June 27.
These additions pushed Fidelity’s total net ETF inflows to about $1.69 billion. The firm now trails only BlackRock, whose Ethereum ETF has drawn more than $5.5 billion in investments.
Why This Matters for the Market
Institutional buying like Fidelity’s could reshape Ethereum’s financial narrative:
- Stronger Institutional Confidence: Frequent multi-million-dollar buys point to Ethereum’s increasing appeal for portfolio diversification.
- Enhanced Market Liquidity: Large inflows help stabilize prices by increasing on-chain liquidity and reducing volatility.
- Accelerated ETF Growth: By the end of June, U.S. spot Ethereum ETFs surpassed $4 billion in total net inflows—with $1 billion arriving in just 15 trading days.
These developments underscore Ethereum’s shift from a retail-dominated asset to a key institutional player.
Fidelity’s July 2 buy of 10,730 ETH reflects a growing trend: institutions are steadily embracing Ethereum through spot ETFs. This surge in inflows not only boosts assets under management but also strengthens the case for Ethereum as a credible, long-term investment.
