The iShares Ethereum Trust (ETHA) secured $36.64 million in new capital on July 2. This influx drove the broader Ethereum ETF sector to record renewed inflows on July 1 and July 2. These gains contrasted with Bitcoin ETFs, which experienced over $1.2 billion in outflows during the same period.
The underlying price of Ethereum (ETH) surged more than 6% to exceed the $1,700 level. Investors utilized ETHA for streamlined exposure as the asset rallied. This buying activity suggests market participants viewed recent price weakness as an entry opportunity.