Ethereum ETFs have extended their inflow streak for the second consecutive week, with spot Ethereum ETFs recording $105.44 million in net inflows during the week ending July 17, representing the strongest weekly figure since April 2026 and a measurable acceleration from the prior week's $84.42 million. According to AMBCrypto and BingX data, this marks a notable shift after five consecutive weeks of net outflows between mid-May and late June. The cumulative net inflows have climbed to $11.08 billion, while total ETF assets reached $9.97 billion, leaving the sector just shy of the $10 billion milestone. BlackRock's ETHA remained the largest contributor, recording $31.68 million in daily inflows on July 17 and managing $5.22 billion in net assets, accounting for more than half of the U.S. spot Ethereum ETF market. Fidelity's FETH added another $5.05 million, while the remaining funds recorded little or no net flow during the session.
Ethereum has risen 1.8% to $1,845 following renewed hopes for the CLARITY Act, with Rep. Bryan Steil raising expectations for a Senate vote next week. According to FOX Business reports, Steil, who chairs the House Financial Services Subcommittee on Digital Assets, told lawmakers to complete the legislation as the Senate prepares to consider it. During a July 17 hearing, Steil urged lawmakers to pass the bill, stating "Let's pass CLARITY." The political momentum has strengthened, with Polymarket traders raising the probability of the bill becoming law in 2026 to 39% from 30% on July 17, though unresolved disputes over ethics rules and stablecoin yields have kept the odds below 50%. The CLARITY Act could place ETH under a digital commodity framework and establish federal rules for its trading and oversight.
BlackRock's iShares Ethereum Trust (ETHA) has consistently accounted for the majority of daily net positive flows across the entire Ethereum ETF landscape, with ETHA capturing a substantial share of the day's $53.83 million in complex-wide inflows on July 15 alone. According to BingX data, ETHA's own cumulative net inflow reached $11.28 billion, significantly higher than the category-wide total of approximately $11.07 billion across nine issuers since the category launched in July 2024. The concentration dynamic creates both opportunities and risks, as ETHA's brand, distribution reach, and institutional trust give it structural pull that smaller issuers cannot easily replicate, but also means the health of the entire spot ETF complex is effectively contingent on one fund. The $105 million weekly figure represents consistent buy pressure absent during the eight-week redemption period, with sustained spot ETF inflows creating a mechanical bid that requires funds to purchase actual ETH to back their shares.
Ethereum's weekly chart shows the asset continuing to recover from its June decline, with buyers successfully reclaiming the $1,800 region. The weekly RSI remained around 40, indicating momentum has improved from oversold conditions but is still below the neutral 50 level. On the daily timeframe, ETH's RSI climbed to around 58, reflecting strengthening buying momentum without entering overbought territory. Price action continues forming higher highs and higher lows throughout July, suggesting buyers have gradually regained control following June's sell-off. The ascending trendline from the June bottom now passes through the $1,850 area, with price testing this line several times during July without recording a daily breakdown. CoinGlass' 48-hour liquidation heatmap places the nearest dense leverage cluster between $1,860-$1,870, while downside liquidity has accumulated near $1,810 and $1,790. The reclaimed $1,800 level now serves as the first important support, with analysts noting that "If Ethereum holds above this, a rally towards $2,000 could happen in a few weeks." The $1,800–$1,900 range serves as a critical demand zone, with buyers consistently stepping in near the lower end, creating a mechanical bid that did not exist during the prior two-month drawdown.
The $105 million weekly figure represents the best performance since April 2026, though it remains modest compared with the peaks the category reached during more euphoric periods in 2024 and early 2025. According to BingX analysis, calling this an institutional comeback is accurate as a directional statement, but framing it as a full-scale rotation back into institutional crypto ETF allocation requires more evidence. The forward scenario is binary and relatively clean: if ETHA sustains its pace through late July and ETH holds the $1,800 support zone, the two-week reversal will validate the start of a genuine institutional re-accumulation phase. Conversely, if flows decelerate sharply or ETHA specifically turns negative, the outflow streak resumes and the $1,800 floor loses its structural underpinning. The next two weeks of weekly flow data from CoinGlass and Farside Investors will settle this question more definitively than any price chart reading alone, with institutional interest in Ethereum as a strategic portfolio asset having not evaporated despite two months of redemptions, indicating allocators were watching specific price and macro conditions before re-engaging rather than abandoning the category entirely.
