US Spot Ethereum exchange-traded funds (ETFs) have attracted $21.4 million in net inflows during early trading, signaling growing institutional interest in Ethereum. Investment giants BlackRock and Fidelity dominated the initial capital allocations, underscoring institutional confidence in the cryptocurrency.
BlackRock’s iShares Ethereum Trust (ETHA) secured $16.1 million, while Fidelity’s Ethereum Fund (FETH) captured $5.3 million, collectively representing the bulk of the inflows. The Securities and Exchange Commission’s approval of these products marks a pivotal regulatory advancement, creating a compliant pathway for both institutional and retail investors to gain Ethereum exposure.
Though initial inflows remain modest compared to Bitcoin ETF launches, analysts view the figures as indicative of promising momentum ahead of full-scale trading. The ETFs eliminate technical barriers by providing direct ETH exposure without wallet management complexities, significantly enhancing accessibility for traditional finance participants.