🚀 Ethereum ETFs Shatter Records: $907 Million Floods In – Bullish Signal for Crypto Markets?

Wall Street's crypto love affair hits new highs as Ethereum ETFs smash weekly inflow records. The $907 million haul signals institutional FOMO is very much alive—despite regulators playing catch-up.

### The ETF Gold Rush Isn't Slowing Down

Move over, Bitcoin. Ethereum's investment products just had their 'hold my beer' moment. Nine hundred million dollars in one week? That's not just smart money—that's hedge funds finally reading the whitepaper.

### What The Numbers Really Mean

For context: this dwarfs last quarter's totals. Either TradFi discovered yield farming, or someone finally explained gas fees to portfolio managers. Either way, the ETH ecosystem wins.

### The Cynic's Corner

Of course, Wall Street only embraces decentralization once there's a 2% management fee attached. How very... blockchain of them.

Ethereum ETFs Hit Highest Weekly Netflows

In the past week, Ethereum registered a remarkable weekly gain of 16.22%. During this period, data from the ETF tracking site SoSoValue shows the Ethereum ETFs registered net deposits of $907.99 million, representing their largest weekly inflows since their launch in July 2024. Before this development, the highest inflows stood at $854.85 registered in the second week of December 2024 amidst the popular crypto bull run.

Of the ATH weekly inflows, BlackRock’s ETHA attracted a resounding $675 million, reflecting an unrivalled market dominance similar to its Bitcoin counterpart. ETHA now boasts $6.14 billion in assets under management, representing 45.38% of the total net assets of spot Ethereum ETFs.

Meanwhile, Fidelity’s FETH and Grayscale’s duo – ETH and ETHE, also recorded significant net deposits valued at $87.04 million,  $73.53 million, and $36.64 million, respectively. On the other hand, Bitwise’s ETHW, VanEck’s ETHV, 21 Shares’ CEZT, and Franklin Templeton’s EZET all saw modest inflows ranging between $5 million – $16 million.

However, Invesco’s QETH saw another week of negative netflows as this particular continues to suffer an epileptic performance. Following this week, the cumulative inflows of spot Ethereum ETFs now stand at $5.13 billion, despite ETHA’s singular inflows of $6.47 billion due to significant withdrawals valued at $4.26 billion from the Grayscale ETHA.

In addition, the total net assets of these ETFs are now valued $13.53 billion, representing a 24.93% increase from the previous week. Interestingly, these figures indicate that the spot Ethereum ETFs now account for 3.77% of the total Ethereum market cap. Meanwhile, Ethereum continues to trade at $2,964 following a 0.11% decline in the past day.

Altcoins ETF Race Underway

In other news, other prominent altcoins aside from Ethereum are likely to soon debut in the US Spot ETF market. Notably, asset managers have submitted a host of altcoin-affiliated ETF applications to the US Securities and Exchange Commission (SEC), looking to replicate the success of the Ethereum and bitcoin ETFs, in attracting a weighty institutional interest to the crypto market.

Presently, there are over 70 crypto ETF filings looking to grant investors access to Solana, Dogecoin, XRP, Cardano, Litecoin, among other cryptocurrencies. It is likely the SEC will keep issuing a delay on its responses till the final deadline, most of which comes around October.

Featured image from Pexels, chart from Tradingview