The surge in demand for Ethereum (ETH) has reached new heights, with the United States spot Ethereum exchange-traded funds (ETFs) recording the highest cash net inflows since August 15, 2025. BlackRock’s ETHA led the way with net cash inflows of $323 million, bringing their total net assets to $16.9 billion. Fidelity’s FETH and Grayscale’s ETH also saw significant inflows of $85 million and $41 million respectively. This has resulted in a cumulative total net inflow of $13.33 billion for U.S. spot Ethereum ETFs, with net assets now totaling around $29.89 billion.
Interestingly, the demand for spot Ether ETFs has outpaced that of spot Bitcoin ETFs in recent times. While U.S. spot BTC ETFs recorded a net cash inflow of $88 million on Tuesday, this was significantly lower than the $219 million inflow seen on Monday. BlackRock’s IBIT and Fidelity’s FBTC also saw inflows of $45 million and $14.5 million respectively. The shift in cash from Bitcoin to Ethereum has fueled speculation about an upcoming altseason.
As a result of this increased demand, the price of Ether has surged by 2 percent in the past 24 hours, reaching $4,640 during the mid New York session on Wednesday. With a fully diluted valuation of $559 billion, Ethereum is poised to reach a new all-time high soon. Wall Street Ether investor Tom Lee predicts that the price could hit $5.5k, driven by institutional investors’ renewed interest. Technical analysis also supports this bullish sentiment, as the ETH price recently broke out of a multi-year megaphone structure, signaling further gains ahead.
Overall, the rise in demand for Ethereum and the strong performance of spot Ethereum ETFs highlight the growing interest in this cryptocurrency among investors. With institutional support and positive price momentum, Ethereum seems well-positioned for continued success in the market.