ETF Inflows and Price Context

From late June to the end of July, US spot Ethereum ETFs recorded a near-uninterrupted sequence of net positive inflows. This period included two consecutive days where over 500,000 ETH were added to ETF holdings — an exceptionally rare occurrence in crypto markets.

During the same time frame, Ethereum’s price climbed from under $3,000 to over $4,000, doing so without signs of disorderly trading, excessive retail chasing, or leverage-driven spikes. The data shows this was not a single news-driven inflow but a sustained allocation trend.