Ethereum ETFs Pull $105M as BlackRock’s ETHA Snaps 8-Week Outflow Streak

U.S. spot Ethereum ETFs took in $105M in net inflows during the week of July 13–17, 2026, marking a second consecutive week of positive flows after a stretch of heavy redemptions. The move was anchored by BlackRock’s ETHA fund, which snapped an eight-week outflow streak to help pull the category back into positive territory.

ETHA turns the tide after two months of bleeding

ETHA’s reversal is the standout figure in the week’s data. After eight straight weeks of net outflows, BlackRock’s fund flipped to inflows, and that shift was enough to drag the broader spot ETH ETF complex into a second straight week of gains. For a product category that had spent much of the summer shedding assets, back-to-back positive weeks are the first sign that institutional appetite for regulated Ethereum exposure may be stabilizing.

The $105M figure is modest against the billions that have moved through Bitcoin ETFs in comparable stretches, but the direction matters more than the size right now. Two consecutive weeks of net buying, after months where outflows were the norm, is the kind of inflection point institutional desks watch closely before committing larger allocations.

Hayes adds to his ETH position as the bull case builds

Adding to the narrative, Arthur Hayes has been buying more ETH, a move that market watchers are reading as a bet that Ethereum, not Bitcoin, leads the next leg of the crypto bull market. Analysts argue that if institutional flows into ETH products keep accelerating the way they did in the ETHA reversal, Ethereum could see disproportionate upside as capital rotates from Bitcoin-heavy allocations into ETH exposure.

That thesis rests on the idea that spot ETH ETFs are still relatively early in their adoption curve compared to their Bitcoin counterparts, leaving more room for inflow growth as large allocators build out multi-asset crypto exposure. The ETHA data gives that argument a concrete data point rather than pure speculation.

Why this matters for ETH holders

For traders and long-term holders, the $105M weekly inflow and the end of ETHA’s eight-week outflow run are the clearest on-chain-adjacent signals yet that institutional sentiment toward Ethereum has shifted from net selling to net buying. It does not guarantee a sustained rally, but it does remove a persistent headwind that had been weighing on ETH price action for two months.

Investors should watch whether the inflow streak extends to a third week and whether other issuers besides BlackRock join the reversal, since a broad-based recovery across multiple ETF providers would carry more weight than a single fund’s turnaround.

Read more: Bitcoin ETFs Post $75.7M Inflow Week, Just 3.3% of $8.2B Outflow Recovered

Sources

• beincrypto.com
• cryptonews.com