Ethereum ETFs See 19-Day Inflow Streak, $5.236 Billion Record

Ethereum spot ETFs have maintained a strong momentum, with a 19-day streak of net inflows. The total net inflow for ETHA, a prominent Ethereum ETF, has reached $5.236 billion, setting a new historical record. This influx is primarily driven by institutional investors, with notable contributions from BlackRock and Fidelity. On Wednesday, spot Ethereum ETFs attracted approximately $240.3 million in inflows, with BlackRock's iShares Ethereum Trust ETF (ETHA) accounting for over 68% of this amount. This capital surge into Ethereum ETFs reflects the growing interest and confidence in the cryptocurrency market, particularly among institutional players.

The consistent inflows into Ethereum ETFs are evident, with the ETFs recording $125 million in net inflows the previous day, marking 17 consecutive days of inflows. This trend is further supported by data from June 12, where ETH ETF inflows rose to $112.3 million, with BlackRock and Fidelity leading the way. BlackRock, in particular, recorded its highest ETH ETF inflow in four months, purchasing over $160 million worth of Ethereum. This substantial investment by BlackRock indicates the institutional support that Ethereum is garnering, which is likely to fuel further market growth.

Despite the challenges in the cryptocurrency market, such as the record daily outflow of $333 million from BlackRock's iShares Bitcoin Trust ETF (IBIT) on Thursday, following three consecutive days of withdrawals, the overall trend of inflows into Ethereum ETFs suggests that investors remain optimistic about the future of the cryptocurrency. The ETF, which has grown to $53 billion with $37 billion in inflows during the year, has played a significant role in driving Bitcoin to its all-time high. This growth underscores the potential of cryptocurrencies as an investment asset class and the role that ETFs can play in making these assets more accessible to a broader range of investors. The inflows into Ethereum ETFs are expected to continue, driven by the growing interest and confidence in the cryptocurrency market, as well as the institutional backing that Ethereum is receiving.