Ethereum ETFs are on fire — sucking in cash like black holes as inflows go parabolic.

~~ Analysis by @JackInabinet ~~

Barring one day of outflows on July 2, $ETH ETF assets under management have been up-only throughout July, with ~$3.2B in net inflows this month!

BlackRock’s ETHA leads, posting record-breaking inflows on both July 16 and 17, including a $546.0M one-day spike. Total July inflows for ETHA hit $2.14B. Spot $ETH ETFs have now flipped Bitcoin ETF inflows twice ( last Thursday and Friday), and have pulled in over $7.5B since launch.

Ethereum trading is increasingly Wall Street-driven. According to The Block, $ETH spot ETF volumes as a share of total $ETH spot volumes have hit all-time highs north of 10% on a 7-day trailing basis.

BlackRock also filed with the SEC this week to stake its ETHA holdings, potentially enabling yield payouts to ETF holders if approved.

Momentum isn’t limited to ETFs. Ethereum is undergoing a broader cultural revival. Public $ETH treasury firms like @SharpLinkGaming (SBET) and @fundstrat's Bitmine Immersion Technologies (BMNR) are gaining traction. Peter Thiel disclosed a 9.1% stake in @BitMNR last Tuesday.

Unlike Bitcoin, which inflates to fund security, $ETH is deflationary and offers staking yields, letting holders passively grow their share of the network. This structure is attracting long-term capital.

In DeFi, $ETH remains dominant. Treasury firms are leveraging this, with BTCS borrowing $17.8M $USDT against $ETH via Aave to increase exposure.

$ETH is just 20% from all-time highs and could break out within a week if momentum holds. The ETH/BTC ratio is up over 30% since last Monday, hitting levels not seen since early February.