Ethereum ETF Inflows Hit Record High as Price Jumps Past $3,400

Ethereum saw an explosive surge in institutional demand this week, with spot exchange-traded funds (ETFs) posting their highest single-day inflow on record. O 

On July 16, net inflows into U.S.-listed spot ETH ETFs reached $726.74 million, according to SoSoValue, pushing total ETF-held Ethereum reserves to an all-time high of 4.95 million ETH.

BlackRock’s Ethereum ETF (ETHA) led the charge, drawing in $499 million in a single day. The move marks a major milestone in ETH’s institutional adoption and mirrors Bitcoin’s pattern during the run-up to its own spot ETF launch earlier this year.

Price rallies past $3,400 on momentum and short squeeze

Buoyed by record ETF flows and strong technical signals, ETH surged 7.9% in 24 hours to $3,424. A break above the $3,300 resistance triggered algorithmic buying, while a looming short squeeze added further upside pressure. According to data, a $62 million whale short position faces liquidation at $3,505, which could further fuel volatility if breached.

At the time of writing, Ethereum was trading at $3,400 — its highest level in recent weeks. The rally has added more than 8% to its value in just 24 hours, driven by institutional buying and rising investor confidence.

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ETF holdings rival major crypto treasuries

Ethereum ETFs now collectively manage $13.22 billion in assets — a 22% increase over the past 30 days. One notable example is SharpLink Gaming, which disclosed holdings of 280,600 ETH worth roughly $963 million, overtaking even the Ethereum Foundation’s known reserves. Analysts say this growing ETF accumulation could serve as a long-term catalyst for ETH, similar to what spot ETFs have done for Bitcoin.

With institutional interest accelerating and price momentum building, Ethereum’s bullish breakout may only be getting started.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.