- Lo and behold! Ethereum ETFs have surpassed all bounds, achieving a daily inflow that is a staggering $726 million.
- Our dear BlackRock ETHA has reigned supreme, charming investors with almost half a billion coursing into its coffers in a single day.
- Ah, but it doesn’t end there! SharpLink Gaming, flush with ambition, has bolstered its treasury by over 10,000 ETH, a delightful sign of institutional adoration.
On the fateful day of July 16, the cosmos conspired for Ethereum, as its exchange-traded funds (ETFs) welcomed a dazzling record net inflow of $726.74 million. Such a dizzying leap—nearly 3.7 times the previous day’s modest offerings!—heralds an insatiable demand, particularly from those suited financiers wishing to bask in the ethereal glow of Ethereum.
Source –sosovalue
As the inflow cascaded, the grand total of net investments in Ethereum ETFs swelled to a princely $6.48 billion, catapulting the asset to an all-time high of something grander than $3,400 after what seemed an eternity. The aggregate assets under management of this illustrious league of ETFs have now reached a whopping $16.41 billion. A magnanimous milestone it is indeed, marking Ethereum’s triumphant march into the halls of mainstream institutional delight.
The Institutional Surge: Ethereum Ascends to New Heights of Splendor
Leading the charge, the illustrious iShares Ethereum Trust (ETHA) by BlackRock amassed nearly half a billion dollars in a single day, thus titling its assets to the enviable sum of $7.7 billion. Following closely in a most respectable manner, the Fidelity Ethereum Fund (FETH) basked in glory, drawing more than $113 million on the same fateful day. Other contenders such as Grayscale and Bitwise also added their voices to this choir of financial exuberance.
Source – CMC
In this most riveting of financial tales, Ethereum has pirouetted gracefully past its rivals—such as Bitcoin and Solana—soaring to heights beyond $3,400, all while flaunting an astounding daily gain of over 8.8%. Trading volumes swelled to rarefied air, with a most impressive ETH spot ETF trading value of $2.59 billion recorded. Evidently, the marketplace danced with gaiety, and investors found their confidence buoyed like a well-corked bottle of champagne!
Moreover, Ethereum’s open interest has galloped to an unprecedented $45 billion, a splendid increase of 60% since the previous June. Such an escalation indicates that the suit-clad gentlemen are ever more enamored with Ethereum and anticipate further caprices of price in the days to come.
SharpLink Gaming’s Lavish ETH Acquisition Reflects Institutional Quesadilla Demand
Source – X
SharpLink Gaming now boasts a treasury of 307,358 ETH, worth over $1.03 billion—a small fortune indeed! In a rather clever maneuver, the company seeks to capitalize on the current effulgent market trends.
This brimming balance, accentuated by a rise in the value of 10,850 ETH, testifies to the growing corporate confidence in Ethereum’s value proposition, illuminating the overall narrative of institutional and corporate demand with delightful clarity.
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2025-07-17 21:30