Ethereum ETFs See 14-Day Inflow Streak 71% Led by BlackRock

Coin WorldFriday, Jun 6, 2025 6:21 pm ET
1min read

Spot Ethereum (ETH) exchange-traded funds (ETFs) have experienced a remarkable 14-day streak of net inflows as of June 5, driven by significant investments from investment advisors and hedge fund managers. This continuous inflow began on May 16, when the price of ETH was fluctuating between $2,650 and $2,500. The trend has been particularly notable, with May 22 marking the highest single-day inflow of $110.5 million since February 4.

According to data shared by ETF Store CEO, Ethereum ETFs have added roughly $812 million since May 20. This surge has resulted in total net inflows exceeding $3 billion for the first time, as reported on May 30. The uninterrupted inflows have been a testament to the growing interest and confidence in Ethereum ETFs among institutional investors.

BlackRock’s iShares Ethereum Trust (ETHA) has been the leading recipient of these inflows, accumulating nearly $576 million over the past two weeks. This amount represents 71% of the total inflows during this period. ETHA has also surpassed $4.8 billion in cumulative net flows, making it the absolute leader in this category. Following closely is Fidelity’s Wise Origin Ether Fund (FETH), which has seen roughly $123 million in inflows over the same period. Although FETH is the second-largest Ethereum ETF by inflows, its cumulative net flows of $1.5 billion are significantly lower than those of ETHA.

On the other end of the spectrum, 21shares’ CETH has accumulated the smallest amount of inflows, with $19.5 million since its launch on July 23, 2024. Despite the varying levels of inflows, the overall trend indicates a strong institutional interest in Ethereum ETFs, with reported positions surpassing $1 billion across different categories of investors.

Investment advisors hold the largest share of declared spot Ethereum ETF exposure, with approximately $582.4 million worth of shares based on 13-F filings for the first quarter. Hedge fund managers follow with roughly $244.7 million invested, while brokerages have declared a $159.3 million exposure. Private equity firms, holding companies, and trusts have reported exposures of $39.8 million, $17.2 million, and $11.4 million, respectively. Pension funds, banks, and family offices/trusts have contributed with smaller allocations of $7 million, $5.7 million, and $1.16 million, respectively.

Interestingly, despite Grayscale’s ETHE registering nearly negative $4.3 billion in cumulative net flows, the issuer’s Ethereum Mini Trust captured $688 million. This highlights the diverse investment strategies and preferences within the institutional investor community. The sustained inflows into Ethereum ETFs reflect a growing institutional interest in the cryptocurrency market, with Ethereum emerging as a favored asset among investors seeking exposure to digital currencies.