Spot Ethereum exchange-traded funds (ETFs) just notched a major milestone, recording their 20th consecutive day of net inflows on Thursday—the longest positive streak since their debut. According to data from SoSoValue, the latest inflow totaled $17 million, capping off a powerful run that reflects growing investor interest in Ethereum over Bitcoin.
Leading Thursday’s numbers was BlackRock’s ETHA, pulling in $18.2 million, followed by Fidelity’s FETH with $5.62 million in inflows. Grayscale’s ETHE, however, posted a net outflow of $6.8 million, slightly offsetting the day’s total.
More notable than the duration is the scale. This 20-day run has brought in nearly $5.4 billion—far exceeding the previous record of $1.37 billion over 19 days between May and June. Over the past three months, spot ETH ETFs have posted outflows on just nine days, pointing to sustained investor confidence.
With these inflows, total net assets in ETH ETFs now stand at $21.52 billion, representing 4.77% of Ethereum’s market cap. Analysts attribute the trend to a broader market rotation: investors are shifting from Bitcoin to Ethereum after BTC’s surge past $123,000 last month. Many see ETH as a more accessible entry point in a maturing crypto market.
“Ethereum is gaining ground as a strategic allocation for investors who feel they missed the top of the Bitcoin wave,” said Min Jung, an analyst at Presto Research.
Meanwhile, spot Bitcoin ETFs posted net outflows of $114.83 million on Thursday, reflecting the shift in sentiment.
Beyond Bitcoin and Ethereum, ETF issuers are eyeing altcoin-based products, including those tied to Solana, XRP, and Dogecoin. On Thursday, firms like Grayscale, Franklin Templeton, and Canary Capital filed updated S-1 registration statements for spot Solana ETFs, a move seen as a step closer to regulatory approval.
Adding to the optimism, SEC Chair Paul Atkins made waves by stating that “most crypto assets are not securities.” The comment marks a notable shift from the agency’s earlier stance, potentially opening the door to a broader range of crypto investment products.
