Fidelity’s Spot Ethereum ETF (FETH) set a new record on July 24, 2025, by acquiring 57,920 ETH—worth roughly $210.1 million. This marks the largest single-day inflow since the ETF launched, underscoring the growing appetite among institutions for Ethereum exposure.
Ethereum ETFs Maintain a Strong Inflow Streak
The inflow momentum shows no signs of slowing. On July 23 alone, Ether spot ETFs collectively received $332 million, marking 14 consecutive days of net inflows. Fidelity’s FETH and BlackRock’s ETHA played leading roles in this uptick. Data from Ainvest revealed that more than 110,000 ETH poured into these ETFs in a single day, signaling robust institutional demand.
Ethereum ETFs have now amassed nearly $8.64 billion in net inflows since launching on July 23, 2024. Total assets under management sit just below $20 billion as of July 2025. Notably, on July 16, Ethereum ETFs even surpassed Bitcoin in daily inflows, drawing in a staggering $726.7 million in just one day.
Bitcoin Outflows Point to Capital Rotation
As Ethereum ETFs enjoy record demand, Bitcoin ETFs are experiencing a different trend—steady outflows. On July 23, spot Bitcoin ETFs saw net redemptions of approximately $86 million. Fidelity’s FBTC fund alone accounted for $227 million in withdrawals. This shift suggests investors are rebalancing portfolios to favor Ethereum, driven by evolving market dynamics.
Key Factors Behind the Ethereum Inflow Wave
Several drivers are fueling the massive institutional interest in Ethereum:
- Regulatory Progress and Yield Potential
Upcoming U.S. legislation, including the GENIUS and CLARITY Acts, is providing greater regulatory certainty. Additionally, the potential approval of staking features by year-end adds yield-generation potential to ETH investments. - Supply Constraints and Whale Accumulation
ETH supply is falling short of demand. Bitwise CIO Matt Hougan estimates institutional demand could reach 5.3 million ETH over a year, against a production of only 0.8 million ETH. Moreover, blockchain data shows significant whale activity, with five new wallets withdrawing nearly 77,000 ETH—equivalent to about $285 million—from exchanges. - Trading Volume and ETH/BTC Ratio Shift
For the first time in over a year, Ethereum ETF volumes have overtaken Bitcoin. Institutions appear to be shifting exposure toward ETH as the ETH/BTC ETF flow ratio continues to rise, reflecting a broader strategic pivot.
Fidelity’s record-breaking ETH purchase on July 24 highlights a growing institutional shift toward Ethereum. With daily inflows exceeding $330 million, a 14-day inflow streak, and nearly $20 billion in assets under management, Ethereum ETFs are outpacing Bitcoin in investor sentiment. This trend is fueled by favorable regulatory developments, anticipated staking rewards, and significant on-chain accumulation.
