Spot Ethereum ETFs Smash $4B Net Inflows – Defying Skeptics and Market Headwinds

Wall Street's crypto skeptics are eating crow—again. Spot Ethereum ETFs just bulldozed past $4 billion in net inflows, proving institutional demand isn't just a Bitcoin story.

Why this matters

While TradFi analysts were busy writing obituaries for crypto ETFs after last year's regulatory crackdowns, smart money kept stacking ETH. The $4B milestone exposes the growing rift between mainstream finance narratives and where capital actually flows.

Behind the numbers

These aren't your 2021 meme-stock tourists. The inflows suggest serious players are positioning for Ethereum's upcoming protocol upgrades—and betting against the SEC's ability to kill this market. Funny how 'risky speculative assets' keep attracting billions while Treasury yields collect dust.

Bottom line: The crypto train left the station, and Wall Street's still fumbling for a ticket. Maybe try keeping up?

$2,412 Exchange Traded Funds (ETFs) traded on the US market exceeded $4 billion in cumulative net inflows as of June 24th, eleven months after their launch. According to SoSoValue data, the funds attracted $100.7 million in net inflows in just one day, marking the highest daily influx in a week despite rising geopolitical tensions in the Middle East. This milestone saw Fidelity’s FETH fund lead with $60.5 million, while BlackRock’s ETHA fund, typically in the lead, brought in $25.8 million. Grayscale’s ETHE and ETH investment products received $9 million and $5.4 million, respectively.

ContentsRecord Influx to Spot ethereum ETFsComparing Ethereum and Bitcoin ETFs

Record Influx to Spot Ethereum ETFs

While the total net inflow of funds is impressive, the $4.3 billion net outflows since the conversion of Grayscale’s higher-fee ETHE fund have impacted this figure. Without these outflows, cumulative net inflows would have stood at $8.3 billion. ETF Store President Nate Geraci mentioned on social media platform X that “Spot Ethereum ETFs have surpassed $4 billion in cumulative inflows since their launch. Including ETHE’s $4.3 billion outflows, it seems quite successful to me.”

Ethereum ETF’s Latest Status

As a result of the significant outflows recorded, Grayscale’s ETHE fund’s market share declined from 89.7% at its debut to 30.2%. Part of it shifted to the company’s smaller ETH product. As of Monday, BlackRock’s ETHA fund leads the market with a 31.8% share, while Fidelity’s FETH fund is third with 18%, and Grayscale’s ETH product ranks fourth with 15.5%. Furthermore, the total trading volume of US spot Ethereum ETFs reached $89 billion, with a daily volume of $840 million.

Comparing Ethereum and Bitcoin ETFs

The performance of spot Ethereum ETFs remains modest compared to spot Bitcoin$105,262 ETFs, which launched in January 2024 and attracted $34.7 billion in cumulative net inflows within the first eleven months. This figure currently stands at $47.3 billion. Bitcoin ETFs drew in $350.8 million in net inflows on June 24th alone, led by BlackRock’s IBIT product, continuing a ten-day positive trend.

Considering Ethereum’s market capitalization of $290.3 billion (approximately 13.8% of Bitcoin’s $2.1 trillion market value), the flows into ETFs become more comparable.

In terms of current price performance, bitcoin was trading at $105,091, rising by 3.2% in the last 24 hours, while Ethereum increased by 6.3% to approximately $2,403 during the same period.

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