Spot Ethereum exchange-traded funds (ETFs) have amassed $2.4 billion in net inflows over six trading days, reflecting robust institutional demand for Ethereum exposure amid growing expectations of its outperformance against Bitcoin.
BlackRock’s iShares Ethereum ETF (ETHA) led the surge, capturing approximately 75% of the total inflows at $1.79 billion. This propelled ETHA’s assets under management to $10 billion within 251 trading days following its launch.
Fidelity’s Ethereum Fund (FETH) contributed significantly to the momentum by registering its strongest single-day inflow at $210 million. Corporate adoption further underscored institutional conviction, with entities like BitMine Immersion Technologies and SharpLink Gaming collectively holding 2.31 million ETH – equivalent to 1.91% of the cryptocurrency’s circulating supply.
Galaxy Digital CEO Michael Novogratz cited corporate accumulation and potential supply constraints as catalysts, predicting Ethereum could rally to $4,000. The inflows starkly contrasted with spot Bitcoin ETFs, which recorded $131 million in net outflows during the same period.