Ethereum Surges 20% as ETFs See $908 Million Inflows

Ethereum has experienced a robust rally this week, surpassing the $3,000 mark as investor interest intensifies. This surge is particularly evident in the U.S. exchange-traded fund (ETF) market, where demand has sharply increased. Spot Ethereum ETFs, which directly track Ethereum’s price, have been a significant driver of this optimism, entering one of their most active growth phases since their launch.

U.S.-listed Ethereum spot ETFs recorded nearly $908 million in net inflows this week, with Thursday bringing in $381 million. BlackRock’s iShares Ethereum Trust (ETHA) set a new single-day inflow record, adding over $300 million on Thursday alone. This marked its highest single-day total since launching. On Friday, ETHA added another $137 million, bringing its combined weekly inflow to $629 million. The previous daily record stood at $292.7 million and was set in December of last year.

Nate Geraci, president of NovaDius Wealth Management, confirmed this milestone and revealed the broader trend, noting that it was the second-largest daily total across all Ethereum ETFs since their rollout. Other Ethereum-focused funds also saw notable activity on Thursday. Fidelity’s FETH recorded $37.3 million in net inflows. Grayscale’s ETH and ETHE products brought in $20.7 million and $18.9 million, respectively. Bitwise’s ETHW attracted $3.2 million, and VanEck’s ETHV received $2.1 million. By Friday, overall ETF activity cooled slightly but remained strong, with total net inflows reaching $204 million. Grayscale’s ETH and ETHE products brought in $25 million and $10 million, respectively. Fidelity’s FETH added $12 million, Bitwise’s ETHW recorded $8.6 million, 21Shares’ CETH saw $5.1 million, and VanEck attracted $6.6 million.

Alongside the surge in ETH ETFs, trader Ted Pillows observed that a newly created wallet purchased nearly $200 million worth of ETH over just two days. He suggested that this activity reflects continued accumulation by informed investors positioning themselves during the current market phase. A separate report by investment firm Fineqia added further context to the institutional demand. According to their analysis, Ethereum-backed exchange-traded products (ETPs) grew at a pace 61% faster than Ethereum’s own market cap in the first half of 2025. This suggests a steady flow of capital into structured investment vehicles over simply buying the asset directly. The report further stated that investor activity began picking up in late April, gaining traction through May and June. During this time, the growth in ETP demand exceeded the actual price increase of Ethereum, pointing to broader investor confidence that goes beyond short-term price action. Meanwhile, market analyst Michael van de Poppe said Ethereum is approaching its final resistance before a significant move upward. He added that Ethereum should act as the key trigger for this next rally.