Spot Ethereum ETFs record $1B inflows in 15 trading days, hitting $4B for the first time
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Spot Ethereum (ETH) exchange-traded funds (ETFs) listed in the US crossed $4 billion in cumulative net inflows on June 23, only eleven months after their market debut.
The products launched on July 23, 2024, and required 216 US trading sessions to accumulate their first $3 billion by May 30.
Following the $3 billion mark, spot Ethereum ETFs added the next $1 billion in just 15 trading days, lifting lifetime net subscriptions to $4.01 billion by the close of June 23.
Those 15 sessions represent 6.5% of the 231-day trading history but account for 25% of all cash committed so far.
BlackRock inflows outpace Grayscale redemptions
BlackRock’s iShares Ethereum Trust (ETHA) drove the expansion with $5.31 billion of gross inflows, while Fidelity’s FETH contributed $1.65 billion and Bitwise’s ETHW added $346 million.
Grayscale’s legacy ETHE trust, which converted to an ETF at launch, recorded $4.28 billion in outflows over the same period.
Daily flow data show the inflection. ETHA absorbed more than $160 million on June 11 alone, and the complex booked five separate days above $100 million between May 30 and June 23.
Grayscale’s redemptions slowed during the same window, allowing aggregate flows to turn sharply higher.
Fee structure and issuer mix shape demand
ETHA and FETH charge 0.25% management fees, matching the sector median and undercutting ETHE’s 2.5% rate.
Lower costs, combined with established primary-market relationships, continue to steer inflows toward BlackRock and Fidelity, according to a CoinShares report that spoke with brokers who allocate on behalf of wealth managers.
The report highlighted three factors as drivers for the June surge. The first is a rebound in ETH’s price relative to Bitcoin, coinciding with the Internal Revenue Service’s more explicit guidance on staking income within grantor-trust ETFs.
Lastly, larger rebalancing orders from multi-asset allocators, treating ETH as a portfolio extension rather than a standalone speculative bet, contributed to the surge in inflows.
The next quarterly Form 13F deadline in mid-July will reveal whether professional managers joined the late-spring push.
Through March 31, those firms accounted for less than 33% of spot Ethereum ETF assets, suggesting room for broader institutional uptake even as retail flows concentrate on low-fee vehicles.
The post Spot Ethereum ETFs record $1B inflows in 15 trading days, hitting $4B for the first time appeared first on CryptoSlate.
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Spot Ethereum ETFs record $1B inflows in 15 trading days, hitting $4B for the first time
Share:
Spot Ethereum (ETH) exchange-traded funds (ETFs) listed in the US crossed $4 billion in cumulative net inflows on June 23, only eleven months after their market debut.
The products launched on July 23, 2024, and required 216 US trading sessions to accumulate their first $3 billion by May 30.
Following the $3 billion mark, spot Ethereum ETFs added the next $1 billion in just 15 trading days, lifting lifetime net subscriptions to $4.01 billion by the close of June 23.
Those 15 sessions represent 6.5% of the 231-day trading history but account for 25% of all cash committed so far.
BlackRock inflows outpace Grayscale redemptions
BlackRock’s iShares Ethereum Trust (ETHA) drove the expansion with $5.31 billion of gross inflows, while Fidelity’s FETH contributed $1.65 billion and Bitwise’s ETHW added $346 million.
Grayscale’s legacy ETHE trust, which converted to an ETF at launch, recorded $4.28 billion in outflows over the same period.
Daily flow data show the inflection. ETHA absorbed more than $160 million on June 11 alone, and the complex booked five separate days above $100 million between May 30 and June 23.
Grayscale’s redemptions slowed during the same window, allowing aggregate flows to turn sharply higher.
Fee structure and issuer mix shape demand
ETHA and FETH charge 0.25% management fees, matching the sector median and undercutting ETHE’s 2.5% rate.
Lower costs, combined with established primary-market relationships, continue to steer inflows toward BlackRock and Fidelity, according to a CoinShares report that spoke with brokers who allocate on behalf of wealth managers.
The report highlighted three factors as drivers for the June surge. The first is a rebound in ETH’s price relative to Bitcoin, coinciding with the Internal Revenue Service’s more explicit guidance on staking income within grantor-trust ETFs.
Lastly, larger rebalancing orders from multi-asset allocators, treating ETH as a portfolio extension rather than a standalone speculative bet, contributed to the surge in inflows.
The next quarterly Form 13F deadline in mid-July will reveal whether professional managers joined the late-spring push.
Through March 31, those firms accounted for less than 33% of spot Ethereum ETF assets, suggesting room for broader institutional uptake even as retail flows concentrate on low-fee vehicles.
The post Spot Ethereum ETFs record $1B inflows in 15 trading days, hitting $4B for the first time appeared first on CryptoSlate.
In This News
Coins
$ 88.52K
-2.01%$ 3.07K
-1.42%$ 0.00...361
$ 0.000603
$ 1.58
Share:
In This News
Coins
$ 88.52K
-2.01%$ 3.07K
-1.42%$ 0.00...361
$ 0.000603
$ 1.58
Share:
Read More
‘UAE Is All-in on Crypto’: Coinbase and Ripple Align as Market Gravity Shifts Toward the Gulf