🚀 Spot Ethereum ETFs Smash Records: $1B Inflows in 15 Days, $4B ATH Breached
Wall Street's crypto love affair hits new highs as Ethereum ETFs gobble up capital faster than a DeFi yield farm.
The $4B milestone—no fluke: Institutional money floods in despite SEC chair Gary Gensler's trademark scowls. TradFi finally gets FOMO.
Speed run: Hitting $1B in just 15 trading days makes Bitcoin ETF adoption look sluggish by comparison. Ethereum's utility narrative cuts through the noise.
Reality check: Let's see how long the hype lasts once the usual suspects—overleveraged hedge funds—start chasing the next shiny thing. (Looking at you, meme stock traders.)
BlackRock inflows outpace Grayscale redemptions
BlackRock’s iShares Ethereum Trust (ETHA) drove the expansion with $5.31 billion of gross inflows, while Fidelity’s FETH contributed $1.65 billion and Bitwise’s ETHW added $346 million.
Grayscale’s legacy ETHE trust, which converted to an ETF at launch, recorded $4.28 billion in outflows over the same period.
Daily FLOW data show the inflection. ETHA absorbed more than $160 million on June 11 alone, and the complex booked five separate days above $100 million between May 30 and June 23.
Grayscale’s redemptions slowed during the same window, allowing aggregate flows to turn sharply higher.
Fee structure and issuer mix shape demand
ETHA and FETH charge 0.25% management fees, matching the sector median and undercutting ETHE’s 2.5% rate.
Lower costs, combined with established primary-market relationships, continue to steer inflows toward BlackRock and Fidelity, according to a CoinShares report that spoke with brokers who allocate on.
The report highlighted three factors as drivers for the June surge. The first is a rebound in ETH’s price relative to Bitcoin, coinciding with the Internal Revenue Service’s more explicit guidance on staking income within grantor-trust ETFs.
Lastly, larger rebalancing orders from multi-asset allocators, treating ETH as a portfolio extension rather than a standalone speculative bet, contributed to the surge in inflows.
The next quarterly FORM 13F deadline in mid-July will reveal whether professional managers joined the late-spring push.
Through March 31, those firms accounted for less than 33% of spot Ethereum ETF assets, suggesting room for broader institutional uptake even as retail flows concentrate on low-fee vehicles.
