U.S. spot Ethereum ETFs attracted $226M in inflows, the largest in nearly ten months, continuing a nine-day streak and narrowing the gap with Bitcoin.
Summary
- On Thursday, U.S. spot Ethereum ETFs attracted $225.8 million, the highest single-day inflow since October 2025.
- This marks the ninth consecutive day of inflows since August 17, totaling $1.42 billion.
- BlackRock's ETHA fund has driven much of this growth, contributing $1.02 billion, or 72%, of the inflows.
U.S. spot Ethereum ETFs recorded a significant inflow of $225.8 million on Thursday, representing the largest single-day total in nearly ten months. This increase continues a nine-day streak of positive inflows, bringing the total since August 17 to approximately $1.42 billion.
Data from Farside Investors showed that the last outflow occurred on August 11, with only one day lacking any net flow since then. BlackRock has played a major role in this trend, with its ETHA fund alone accounting for $1.02 billion of the recent inflows, indicating a robust purchasing pattern throughout this period.
BLACKROCK BOUGHT $888M OF ETH IN 8 DAYS
Clients of BlackRock have net-purchased $889.8M of the ETHA ETF over the past eight trading days, with consistent buying each day.
Additionally, Fidelity's FETH ETF experienced notable activity, achieving inflows of $56.2 million, while BlackRock's ETHB product added $20.7 million on the same day.
Notably, the gap between Ethereum and Bitcoin inflows has narrowed. U.S. spot Bitcoin ETFs brought in $242.3 million on Thursday, just $16.5 million more than Ethereum's totals, which were significantly lower during the initial inflow days.
As of Friday, Ethereum was priced at approximately $2,477, reflecting a slight 0.5% decline over the previous day but a 5% weekly increase, according to CoinGecko data.
Market Influences
Max Shannon, a senior research associate at Bitwise Europe, noted that the recent surge in inflows seems to stem from traditional investors rather than crypto enthusiasts. He attributes this week's inflow of $713.6 million to a growing appetite for risk in broader markets, suggesting a shift in investment dynamics.
Despite the positive inflow trend, Shannon observed that Ethereum has underperformed relative to Bitcoin and other major altcoins recently. He explained this as being justified by the performance dynamics observed since the crypto rally commenced on August 19. He highlighted that capital is increasingly flowing into higher-performing assets such as ZEC, XRP, and SOL, indicating a diverse set of influences in the market.
Shannon also pointed out that Ethereum is currently trading near its 200-week moving average for the first time since dropping below this level in late January, marking a critical threshold that could affect its short-term momentum. He cautioned, however, that while current inflows are promising, a sustained increase in spot trading volume is necessary for market stability, as the volume has significantly decreased year-on-year since the most recent rally began.
