Ethereum Spot ETFs Post $105M Weekly Inflow, Strongest Since April

Ethereum News

Ethereum (ETH) spot exchange-traded funds absorbed $105 million in net inflows during the week of July 13-17, the strongest weekly total since April and a clear acceleration from the prior week’s $84 million. The back-to-back positive weeks close out an eight-week outflow streak, and fund-flow data point to renewed net creations across the U.S. Ethereum ETF complex. BlackRock’s iShares Ethereum Trust, trading as ETHA, carried the category, capturing the bulk of a single-session $53.83 million inflow on July 15. As an altcoin benchmark, Ethereum now anchors roughly $11.07 billion in cumulative complex-wide inflows since the products launched in July 2024.

Ethereum treasury company Bitmine sharply slowed its accumulation last week, adding just 7,430 ETH — about $14 million — as it redirected capital toward repurchasing its own stock. The company’s investor-relations disclosure states Bitmine bought back roughly 5.5 million common shares at an average price of $15.62 under a previously authorized $4 billion buyback program, a commitment worth about $86 million. Chairman Tom Lee attributed the reduced buying pace directly to the repurchase, noting the firm has acquired ETH every week since launching its treasury strategy in mid-2025. The single-week addition ranks among the thinnest since inception, contrasting with more than 111,000 ETH bought in one week back in May.

The latest purchase lifted Bitmine’s total position to 5,777,468 ETH, worth close to $11 billion at current prices and equal to roughly 4.8% of Ethereum’s circulating supply of about 120.7 million tokens. That leaves the company at 96% of its stated goal of controlling 5% of the token’s supply, cementing its status as the largest corporate holder of ETH worldwide. By digital-asset treasury size, Bitmine now trails only Michael Saylor’s Strategy, which holds roughly $54 billion in Bitcoin. Company shares, trading as BMNR, changed hands near $16.61, up almost 6% on the day the accumulation and buyback figures were disclosed.

A large majority of that ETH is generating yield rather than sitting idle. Bitmine has staked about 4.92 million ETH — roughly 85% of its holdings — through its MAVAN validator platform and staking partners, according to the company’s own figures. Staking activity returned an annualized 2.67% over the trailing seven days, with projected annual revenue near $247 million on the current reserve. Full staking of the entire ETH position could push that figure toward $290 million. The disclosure underscores how proof-of-stake yield has become a core revenue line for corporate holders, turning a static treasury into an income-producing asset base tied directly to network validation.

Beyond Ethereum, Bitmine’s balance sheet spans several other assets. The company reported holding 207 Bitcoin alongside $385 million in cash and marketable securities, a $180 million stake in Beast Industries and a $58 million position in Eightco Holdings. Counting crypto, cash and equity stakes, total holdings reach roughly $11.5 billion. The diversified structure gives the firm liquidity to fund both continued ETH accumulation and the equity buyback simultaneously, a dual capital-management approach that few digital-asset treasuries run in parallel. It also signals management’s view that repurchasing shares can be as accretive as adding to the ETH reserve when the stock trades below perceived net asset value.

In security news touching the Ethereum network, cross-chain bridge Allbridge paused its Core protocol after an attacker drained about $1.65 million from its Solana stablecoin liquidity pools. On-chain data shows the attacker borrowed $1.12 million via a flash loan from lending protocol Kamino, then ran a rapid series of swaps to distort the internal pricing Allbridge’s pools use in place of a standard automated market maker curve — a bridge that moves value between chains that do not natively communicate, a function conceptually adjacent to atomic swaps. With the pools mispriced, the attacker swapped a few thousand dollars of USDT for roughly $2.24 million in USDC before bridging the proceeds to an Ethereum address. Allbridge urged liquidity providers to withdraw and asked arbitrageurs to return funds while it prepares a post-mortem.

COINOTAG’s proprietary 42-indicator composite S/R scoring engine, reading a live ETH spot price near $1,907 (up 2.13% and still far below its all-time high), rates the $1,869.94 support at 75/100 — its strongest level — on a confluence of the EMA 50, EMA 20 and Ichimoku Tenkan. Overhead, the engine scores the $2,022.44 resistance at 62/100 (LVN, Fibo 0.618, POC) and $1,939.67 at 61/100 (EMA 100, BB Upper). Derivatives lean cautiously bullish: perp funding sits at a mild 0.0044%, open interest near $7.88 billion, and a 1.61 long/short ratio (61.7% long). With RSI at 61.93 and MACD bullish, a hold above $1,870 keeps the uptrend intact; a break below shifts focus to $1,732, while a Fear reading of 29 tempers conviction.