Spot Ethereum exchange-traded funds (ETFs) have recorded $837.5 million in net inflows over a 15-day streak, marking one of the most sustained periods of institutional demand for ETH-based products since their launch. This surge brings total year-to-date inflows for Ethereum ETFs above $3 billion, according to data from Farside Investors.
The inflow streak began on May 16 amid Ethereum’s price consolidation between $2,500 and $2,650. Investment advisors and hedge funds drove the momentum, with BlackRock’s iShares Ethereum Trust (ETHA) capturing 71% of the recent inflows. For real-time tracking of institutional crypto movements, follow Bloomberg’s ETF dashboard.
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BlackRock Dominates Ethereum ETF Race
BlackRock’s ETHA has absorbed $576 million during the 15-day period, extending its cumulative net flows to $4.8 billion. The fund now holds 298,000 ETH, representing nearly 30% of all institutional Ethereum holdings through ETFs.
Fidelity’s Steady Growth
Fidelity’s Wise Origin Ether Fund (FETH) secured second place with $123 million in inflows, though its $1.5 billion cumulative total trails far behind BlackRock. The fund’s lower fee structure (0.25%) compared to ETHA’s 0.30% has yet to disrupt the market leader’s position.
Grayscale’s Paradoxical Performance
While Grayscale’s Ethereum Trust (ETHE) suffered $4.3 billion in outflows year-to-date, its Ethereum Mini Trust attracted $688 million. This divergence highlights investors’ preference for cost-efficient products, as the Mini Trust charges 0.25% versus ETHE’s 1.5% fee.
| ETF | 15-Day Inflows | Cumulative Flows |
|---|---|---|
| BlackRock ETHA | $576M | $4.8B |
| Fidelity FETH | $123M | $1.5B |
| 21Shares CETH | $4.2M | $19.5M |
The May 22 single-day inflow record of $110.5 million underscores growing confidence in Ethereum’s regulatory positioning. Analysts attribute this to the SEC’s recent clarification on staking provisions in ETF structures.
Market impact: Sustained ETF demand could alleviate selling pressure from Ethereum’s upcoming network upgrades. However, traders remain cautious as Bitcoin ETFs experience simultaneous outflows tied to macroeconomic uncertainties.
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- ETF
- Exchange-Traded Fund: A regulated investment vehicle tracking asset prices, traded on traditional stock exchanges.
- Net Inflows
- The net amount of capital entering a financial product, calculated as total deposits minus withdrawals.
- Spot Market
- A marketplace for immediate delivery of assets, as opposed to futures contracts for later settlement.
