The ended streak is not only the largest in duration, but also in total amount of inflows and average daily flow, which was approximately $270 million.
The previous record in duration was 19 days straight, which ended on June 13 and resulted in roughly $1.4 billion captured, with an average of $73 million per day.
However, it was largely eclipsed by the 18-day record that ended on December 19 and inched close to $2.5 billion, resulting in nearly $139 million per day on average.
Until June 30, Ethereum ETFs registered around $4.3 billion in inflows. By adding close to $5.4 billion in positive net flows last month, Ethereum ETFs increased their flows by 126%.
Usually, Balchunas calls the high flows into VOO and IBIT as “beta with a side of Bitcoin.” Yet, he highlighted on August 4:
“Top 3 ETFs (out of 4,432) in one month flows: $VOO, $IBIT, $ETHA. I used to say ‘Beta with a side of Bitcoin’ to describe this (which was most of 2024 leaderboard) but need a new phrase, ideally an aliteration, to incl Ether. If you think of anything i’m all ears.”
As of August 1, ETHA shows over $9.7 billion in cumulative flows.
