Spot ETH ETFs net a record $5.43B in July

U.S. spot Ethereum (ETH) exchange-traded funds (ETFs) recorded net inflows of $5.43 billion in July, the largest monthly total since their debut, ETF tracker SoSoValue reported. That figure represents a 369% increase over June’s $1.16 billion and eclipses May’s previous high of $564 million. Total net assets across all spot ETH ETFs rose to $21.52 billion, up 108% from $10.32 billion at the end of June. According to Cointelegraph, the record inflows coincided with a 60% rally in Ethereum’s price, which peaked near $3,933 during the month.