Ethereum ETFs attract record $726 million, pushing ETH price above $3,400

On July 16th, Ethereum ETFs experienced record-breaking inflows, totaling $726.74 million across nine US-listed funds. BlackRock's iShares Ethereum Trust (ETHA) received the largest portion, nearly $500 million, bringing its total assets under management to $7.7 billion. Fidelity's Ethereum Fund (FETH) also saw significant inflows, exceeding $113 million. Other funds, including those from Grayscale, Bitwise, Franklin Templeton, Invesco, and VanEck, also experienced positive inflows. Collectively, these Ethereum ETFs now manage $16 billion in assets and have attracted over $6 billion in cumulative net inflows since their launch. This surge in investment has driven the price of Ethereum above $3,400, reaching a six-month high.