Ethereum ETFs Smash Records with $727M Single-Day Inflow Surge

Ethereum ETFs experienced a record single-day net inflow of $726.74 million on July 16, bringing total cumulative net inflows to $6.48 billion. BlackRock's ETHA led with $499.25 million in inflows, holding $7.73 billion in net assets. Fidelity's FETH saw $113.31 million in inflows, while Grayscale's ETHE added $33.04 million. The surge coincided with Ethereum surpassing $3,200, reaching nearly $3,347, outperforming Bitcoin and Solana. Total value traded across ETH spot ETFs reached $2.59 billion, and open interest in ETH futures hit $45 billion, a 60% increase since late June. This boost in inflows and price is attributed to staking yields, deflationary supply mechanics, and Ethereum's role in decentralized finance.