Spot Ethereum ETFs saw a 16-day streak of net inflows, totaling $9.33 billion since launch. BlackRock’s ETHA led with $440.10 million in daily inflows, reaching $10.69 billion in assets. Bitwise’s ETHW followed with $9.95 million. Grayscale’s ETHE saw $23.49 million in outflows, totaling $4.29 billion lost. Total net assets are now $20.66 billion.

The surge in Ether ETF interest is driven by increased investor exposure to DeFi, staking, and smart contracts. Bitwise’s CIO expects strong inflows to continue, estimating a $20 billion demand for ETH products in the next year, far outpacing the supply of ETH issued by the network. The streak has seen multiple $300M+ days.

In comparison, spot Bitcoin ETFs attracted $130.69 million in net inflows on Friday after volatile sessions, totaling $54.82 billion in inflows. July has shown strong performance for Bitcoin ETFs, with standout days of $1.18 billion and $1.03 billion in inflows. Total net assets reached $151.45 billion. Robinhood’s tokenized stocks face legal issues.

Read more at CoinTelegraph: Spot Ether ETFs Hit $453M in Inflows, Extend 16-Day Streak