Spot Ethereum (ETH) exchange-traded funds (ETFs) have been experiencing a significant uptick in investor interest, with a 14-session streak of net inflows as of June 5. This surge in inflows has been largely driven by investment advisors and hedge fund managers, according to data shared by ETF Store CEO Nate Geraci.
Since May 20, Ethereum ETFs have seen approximately $812 million in net inflows, bringing the total to over $3 billion for the first time, as reported by Farside Investors. The demand for Ethereum ETFs shows no signs of slowing down, with investors continuing to pour money into these assets.
The trend of increasing inflows started on May 16 when ETH’s price was hovering between $2,650 and $2,500. The record for the highest single-day inflow during this period was set on May 22, with $110.5 million added to spot Ethereum ETFs. BlackRock’s iShares Ethereum Trust (ETHA) has been leading the way in terms of inflows, attracting nearly $576 million and accounting for 71% of the total inflows over the past two weeks.
Fidelity’s Wise Origin Ether Fund (FETH) has also seen significant inflows, with approximately $123 million added in the last 14 days. Despite being the second-largest Ethereum ETF by inflows, FETH’s cumulative net flows of $1.5 billion pale in comparison to ETHA. The smallest Ethereum ETF in terms of cumulative inflows is 21shares’ CETH, which has accumulated $19.5 million since its launch in July 2024.
Interestingly, Grayscale’s ETHE has experienced negative $4.3 billion in cumulative net flows, but the issuer’s Ethereum Mini Trust has managed to capture $688 million in inflows. Institutional interest in Ethereum ETFs has surpassed $1 billion, with investment advisers holding the largest share of declared exposure at $582.4 million, followed by hedge fund managers with $244.7 million.
Brokerages, private equity firms, holding companies, trusts, pension funds, banks, and family offices/trusts have also contributed to the growing interest in Ethereum ETFs, with reported positions exceeding $1 billion across all categories. The continued inflows into Ethereum ETFs signal a growing confidence in the potential of Ethereum as a valuable investment asset.