Woofun AI reports that U.S. spot Ethereum exchange-traded funds recorded a net inflow of $14.8 million on July 1, breaking a nine-consecutive-trading-day streak of net outflows tracked by Farside Investors. This reversal interrupts weeks of sustained withdrawals across the nine recently approved spot ETH funds, suggesting a potential shift in institutional sentiment.

BlackRock's iShares Ethereum Trust (ETHA) led the day's activity with a net addition of $36.6 million, accounting for the bulk of the positive flow. In contrast, other major issuers faced continued pressure; BlackRock's second Ethereum product, ETHB, saw a modest outflow of $1.7 million, while Fidelity's FETH recorded a net outflow of $1.6 million. Grayscale's Mini Ethereum Trust, which has struggled since launch, shed another $18.5 million on the day.

The preceding nine-day outflow streak had removed approximately $380 million from the spot ETH ETF market, a period dominated by exits from Grayscale products due to their higher fee structures. Since the market launched in May 2025 following SEC approval, institutional investors have adjusted crypto allocations amid volatile flows. Woofun AI data shows that capital is increasingly rotating toward lower-cost competitors like BlackRock and Fidelity as fee sensitivity rises.

Analysts view this $14.8 million inflow as a psychological turning point for a market under persistent selling pressure, though single-day data requires caution. The end of the streak could indicate a near-term bottom or a rotation ahead of anticipated network upgrades and broader market catalysts. Sustained inflows over several weeks would be necessary to confirm a genuine trend reversal rather than a fleeting anomaly.

The broader picture remains mixed, with strong performance from BlackRock's ETHA highlighting demand for low-cost, trusted providers against ongoing Grayscale outflows. Fee sensitivity continues to drive investor behavior as the market navigates these adjustments. The coming trading sessions will determine whether this marks the beginning of a sustained recovery or merely a temporary pause in the outflow trend.