
U.S. spot Ethereum ETFs recorded $14.89 million in net inflows on July 1, breaking a nine-day streak of outflows and indicating a tentative recovery in institutional demand. The inflows were concentrated in BlackRock’s iShares Ethereum Trust, which saw $36.64 million, while other ETFs experienced outflows. Trading volume remained strong at $503.1 million, with liquidity focused on a few flagship ETFs. This shift may ease concerns about weakening demand, but sustained inflows are needed to confirm a lasting trend affecting Ethereum market liquidity and broader crypto risk appetite.