Despite market volatility, spot Ethereum ETFs continue to attract capital, with BlackRock’s iShares Ethereum Trust (ETHA) leading the charge.
Despite the jittery market conditions, inflows into spot Ethereum ETFs have remained strong, with BlackRock iShares Ethereum Trust ETF (ETHA) dominating most of the flows. On July 1, the ETHA inflows stood at $54.8 million, while the net inflows across all US ETF issuers hit $40.7 million.
BlackRock Dominates Ethereum ETF Inflows
BlackRock Ethereum ETF (ETHA) has dominated most of the inflows since its inception, with the net inflows crossing $5.5 billion. ETHA has seen inflows for nearly 29 of the past 30 days, making it one of the best-performing Ethereum funds currently in the market.
Despite the strong Ethereum ETF inflows, ETH whales have continued with their selloff, which has put selling pressure on the ETH price for a long time. As a result, ETH has failed to surpass the $2,500 resistance and has been flirting underneath it for quite some time.
If the strong inflows into spot Ethereum ETFs continue, it could pave the way to introduce staking features for the existing Ethereum ETFs in the market.
Institutional Demand for ETH Remains High
Ethereum ETH $4 546 24h volatility: 1.6% Market cap: $550.32 B Vol. 24h: $23.42 B continues to see greater institutional demand with corporates rushing to build their own ETH reserves. On July 1, Bit Digital announced its plans to raise a massive $162.9 million by issuing a total of 86.25 million shares, and will be using the proceeds to buy more Ethereum.
Nasdaq-listed Bit Digital (BTBT) has been working on its Ethereum strategy since 2022. The company now operates one of the largest Ethereum staking platforms among publicly listed firms, offering validator infrastructure, secure custody services, and yield optimization tools for ETH staking. This funding round marks one of the largest dedicated Ethereum capital raises ever undertaken by a public company.
ETH has been gaining broad appeal due to its annual staking yields of 3–5%, deflationary tokenomics, and its critical role in powering decentralized applications. In June, Bit Digital also raised a total of $150 million, while completely pivoting to staking Ethereum.
SharpLink Gaming(@SharpLinkGaming), which previously announced a purchase of 188,478 $ETH($473.6M) at $2,513, bought another 4,951 $ETH($12.4M) via OTC in the past 6 hours.https://t.co/cW8EvzSFxt pic.twitter.com/OMFNSeLE4A
— Lookonchain (@lookonchain) July 1, 2025
On the other hand, ShaprLink Gaming, the largest corporate holder of Ethereum, has purchased an additional 4951 ETH worth $12 million earlier this week, with its total holdings approaching 200K ETH.
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