U.S. spot Ethereum ETFs draw $225.8 million, biggest daily inflow in 10 months
AI Market Summary
U.S. spot Ethereum ETFs posted $225.8M net inflows, the strongest day in 10 months, extending a nine-day streak totaling $1.42B. BlackRock's ETHA accounted for ~72% of cumulative inflows, indicating sustained institutional demand and improving relative positioning versus Bitcoin ETFs, where flows were only slightly higher. Commentary suggests much of the capital is coming from outside crypto, linking flows to broader risk-on conditions despite muted spot volume.
Impact level
● High
Affected assets
ETH/USDT-3.34%
AI Insight · ETH/USDTAI Insight
▲ Bullish
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U.S. spot Ethereum exchange-traded funds posted a net inflow of $225.8 million on Thursday, their strongest one-day showing in 10 months, extending the run of consecutive net inflows to nine sessions.
Data from Farside Investors show that since Aug. 17, cumulative inflows over the past nine trading days have reached $1.42 billion, with no day recording net outflows. BlackRock's ETHA led the group with $1.02 billion, accounting for 72% of the total. Fidelity's FETH ranked second with $560 million. BlackRock's staked Ethereum product, ETHB, added $20.7 million on Thursday.
The inflow gap between Ethereum and Bitcoin ETFs has narrowed to near parity. Spot Bitcoin ETFs took in $242.3 million on Thursday, only $16.5 million more than Ethereum.
Ethereum last traded around $2,477 on Friday, down 0.5% over 24 hours but up about 5% for the week. Max Shannon, Senior Research Associate at Bitwise Europe, said most of the new allocations came from outside the crypto sector, with $713.6 million entering this week, likely reflecting stronger risk appetite in traditional markets. He added that spot Ethereum trading volume has fallen to the 16th percentile on a year-over-year basis, and that sustained price momentum will require a pickup in spot volumes.
