- A record-breaking $726M inflow into spot Ether ETFs has analysts now targeting a price of $4,000
- The massive institutional buy was led by BlackRock’s ETHA, which saw a nearly $500M inflow in one day
- The powerful technical and fundamental setup suggests a run to $4,000 is the next logical market move
The U.S. spot Ethereum ETFs just had their largest single-day inflow ever, pulling in a massive $726 million in new capital on Wednesday, July 16. This “shock and awe” wave of institutional demand was the direct catalyst for the price of Ethereum surging past the $3,400 level.
The inflows came primarily from major asset managers, including BlackRock, Fidelity, and Grayscale. The move suggests heightened institutional demand for ETH exposure through regulated investment vehicles amid soaring prices.
Record-Breaking Inflows Driven by Big Players
Data from the July 16 ETF flow table shows increased activity across nearly all listed Ethereum funds. The most significant contributions came from BlackRock’s ETHA ETF, which recorded $499.2 million in a single day.
Fidelity followed with $113.3 million into its FETH fund. Grayscale’s spot ETH ETF added $54.2 million, while Franklin Templeton and Invesco contributed $33.0 million and $5.1 million, respectively.
Related: Ethereum Bullish Breakout: How Far Will ETH Price Rally in July?
These inflows pushed Ethereum ETF totals to $7.1 billion since inception. Only a few providers, such as 21Shares and Bitwise, saw flat or minimal activity during the day.
The $726 million inflow represents the strongest daily vote of confidence in Ethereum by institutional investors since the launch of spot ETH ETFs in the U.S. last year.
Ethereum, the second-largest cryptocurrency by market cap, has seen heightened demand from treasury firms, hedge funds, and portfolio managers seeking diversified crypto exposure.
Market’s response: An ETH surge to $4,000?
Crypto investor Lark Davis, who posted the record inflow of Ethereum ETFs on X, stated he expects ETH’s price to cross the $ 4,000 mark soon. “Send it to $4,000 with haste,” he said.
Meanwhile, Ethereum has surged past $3,150 for the first time in over five months. As of this press time, ETH is trading at $3,445, an 8.5% rise in the past day, increasing its monthly rally to 33%.
Technically, ETH has broken out of a micro megaphone structure, setting up a short-term target around $3,500. The daily MACD has crossed above the zero line, and RSI is above 70, indicating strong buyer momentum.
Related: Ethereum (ETH) Price Prediction for July 17
Historical trends support further upside. ETH has averaged a 7% gain in July since 2016. Meanwhile, its dominance in DeFi remains unchallenged, with a total value locked of $74 billion across the network. As such, the Ethereum rally could continue to the $4000 level.
Bitcoin ETFs Also Post Strong Gains
Bitcoin ETFs also recorded substantial inflows on Wednesday, totaling $779.6 million. BlackRock’s IBIT accounted for $763.9 million of that amount. Other issuers posted minimal activity, but the day still marked one of the strongest since July 10, when Bitcoin ETFs saw $1.18 billion in net inflows.
Bitcoin ETF cumulative inflows have now reached $53.8 billion, far surpassing Ethereum’s figures. However, the parallel surges suggest that both assets are gaining traction among traditional finance players.
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