Fidelity's Spot Ethereum ETF (FETH) hit a new high on July 24, 2025, purchasing 57,920 ETH, valued at approximately $210.1 million. This marks the largest single-day inflow since the ETF's launch, highlighting growing interest from institutional investors in Ethereum investments.

Ethereum ETF maintains strong inflow momentum
There is no sign of a slowdown in the inflow of funds. On July 23 alone, the Ether Spot ETF received a total of $332 million in funds, achieving net inflows for 14 consecutive days. FET under Fidelity and ETHA under BlackRock played a leading role in this round of increases. Data from Ainvest shows that more than 110,000 ETH flowed into these ETFs in a single day, indicating strong institutional demand.

Since its launch on July 23, 2024, the net inflow of funds into the Ethereum ETF has approached $8.64 billion. As of July 2025, its total assets under management are slightly below $20 billion. Notably, on July 16, the daily inflow of the Ethereum ETF even surpassed that of Bitcoin, attracting an astonishing $726.7 million in just one day.

Bitcoin outflows indicate capital rotation.
As the demand for Ethereum ETF hits a record high, Bitcoin ETF shows a completely different trend - funds are steadily flowing out. On July 23, the net redemption amount for Spot Bitcoin ETF was approximately $86 million. The FBTC fund under Fidelity alone had a net redemption of $227 million. This shift indicates that driven by changes in market dynamics, investors are rebalance their portfolios in favor of Ethereum.

Key Factors Behind the Influx of Ethereum
Several factors are stimulating institutional interest in Ethereum:

Regulatory Progress and Profit Potential:
Upcoming U.S. legislation, including the GENIUS Act and the CLARITY Act, is providing greater regulatory certainty. Additionally, the staking feature is expected to be approved by the end of the year, which will bring higher yield potential for ETH investments.
Supply restrictions and whale accumulation
ETH supply is currently unable to meet demand. Bitwise Chief Information Officer Matt Hougan estimates that institutional demand could reach 5.3 million ETH within a year, while ETH production is only 800,000 ETH. Additionally, blockchain data shows that whale activity is active, with five new wallets withdrawing nearly 77,000 ETH from exchanges, worth approximately $285 million.
Trading volume and ETH/BTC ratio changes
Ethereum ETF trading volume has surpassed Bitcoin for the first time in over a year. As the ETH/BTC ETF circulation ratio continues to rise, institutional investors seem to be shifting their investments towards ETH, reflecting a broader strategic shift.
Fidelity set a record for ETH purchases on July 24, highlighting the trend of institutional investors increasingly turning to Ethereum. The daily inflow of Ethereum ETFs exceeded $330 million, marking 14 consecutive days of inflows, with assets under management nearing $20 billion, as investor sentiment has surpassed that of Bitcoin. Favorable regulatory developments, anticipated staking rewards, and the significant accumulation of on-chain assets have collectively driven this trend.
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