Spot Ethereum ETFs Attract $524M in Inflows, Extending Six-Day Streak to $2.33B

Spot Ethereum ETFs Attract $524M in Inflows, Extending Six-Day Streak to $2.33B

U.S. spot Ethereum exchange-traded funds (ETFs) continued their winning streak on Tuesday, bringing in another $523.9 million in net inflows just a day after posting a record $1.02 billion, according to data from SoSoValue.

Bitcoin ETF Dashboard: Latest BTC Spot ETF Daily Data and Charts of Inflow and Outflow
SoSoValue US Bitcoin Spot ETF data chart updates the latest US BTC Spot ETF daily inflow, outflow, and net assets with SoSoValue Bitcoin ETFs tracker.

Six of the nine ether ETFs posted positive flows for the day, led by BlackRock’s ETHA with $318.67 million. Fidelity’s FETH followed with $144.9 million, while Grayscale’s Mini Ether Trust saw $44.25 million in net inflows.

This marks the sixth consecutive day of net gains for the funds, with a combined $2.33 billion flowing into ether ETFs over that period. Total assets under management now stand at $27.6 billion, equivalent to roughly 4.8% of Ethereum’s total market capitalization.

Nate Geraci, President of ETF consultancy The ETF Store, called the surge a “notable shift” from the dominance of bitcoin ETFs seen last year and earlier in 2024. Spot bitcoin ETFs brought in a comparatively modest $65.9 million on Tuesday.

“Spot ETH ETFs were severely underestimated simply because TradFi investors didn’t understand ETH,” Geraci wrote on X. “Now they’re hearing ‘backbone of future financial markets’ and it’s resonating.”

Ethereum’s price has mirrored the bullish ETF momentum, climbing 8.5% in the past 24 hours to $4,667—just shy of its November 2021 record high of $4,878.26. The rally is also fueled by growing corporate adoption, with companies holding a combined $8.9 billion in ETH as part of their treasury strategies.

With institutional demand surging and prices approaching all-time highs, Ethereum’s momentum in both traditional finance and crypto markets shows no sign of slowing.

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