$ETH

Ethereum spot ETFs pulled in $29.08 million in net inflows on July 2, part of a broader day where crypto investment products across the board turned positive after a rough stretch through most of June.

BlackRock's ETHA did the heavy lifting here, pulling in $29.74 million on its own, more than the category total, which means some smaller products saw modest outflows on the same day. VanEck's ETHV added $1.24 million and Fidelity's FETH brought in $846,460. Grayscale's ETHE was the lone product in the red, losing $2.75 million, continuing a pattern where the older, higher fee Grayscale vehicle tends to bleed assets even when the category overall is doing well. Trading volume across Ether ETFs came in at $669.66 million for the session, with total net assets sitting at $9.02 billion.

It's worth putting this single day number in the context of the bigger picture, because the recent trend hasn't been kind to Ethereum ETF holders. Cumulative flows into US spot Ether ETFs had actually dropped to a new low of $10.7 billion as of this same day, with roughly $4.25 billion in net outflows accumulated since October, including about $1.1 billion pulled out over just the past six weeks. There's also a pain point sitting underneath these numbers, the average purchase price across Ether ETF holders sits just under $3,400, while ETH has been trading closer to $1,700 recently. That means a large share of ETF investors are sitting on losses even as single day inflow numbers occasionally turn positive.

The broader session this figure came from was actually a fairly encouraging one for crypto ETFs generally. Bitcoin ETFs snapped a ten day outflow streak the same day, pulling in $221.72 million, their strongest daily result since early May. XRP ETFs added $6.55 million, and Solana and HYPE products also posted gains, meaning the recovery wasn't confined to just the two largest assets. That kind of broad based return of inflows, after a month where bitcoin funds alone shed billions, is generally read as an early sign of improving sentiment, though a single strong day doesn't undo weeks of sustained selling on its own.

For anyone tracking ETH or the broader ETF landscape on Gate, the more meaningful thing to watch from here isn't this one day's number but whether inflows can string together for multiple consecutive sessions the way outflows did through most of June. Given how deep the cumulative outflow hole still is and how underwater the average ETF holder remains, a single day of positive flow is a reason for cautious attention rather than a signal that the broader trend has genuinely turned.