BlackRock’s ETHA draws $31.7 million, pushing total past $11.3 billion

Spot Ethereum ETFs recorded $36.73 million in net inflows on July 17.

BlackRock’s iShares Ethereum Trust (ETHA) attracted $31.68 million of that total. This activity pushed ETHA’s total historical net inflows above $11.31 billion.

The market previously recorded $45.29 million in inflows on July 16. Analysts suggest investors are buying the dip following an Ethereum price slump. These consistent inflows signal robust investor confidence in the BlackRock fund.