Ethereum ETFs Gain 93,427 ETH This Week Led by Fidelity and iShares

Ethereum ETFs have seen a significant influx of 93,427 ETH this week, with major contributions from Fidelity and iShares. Fidelity led the pack by adding 10,237 ETH in a single day, while iShares followed closely with 2,421 ETH on the same day and a total of 87,677 ETH over the week. This surge in inflows has brought the total holdings across all Ethereum ETFs to 4.11 million ETH, valued at approximately $9.84 billion. Other providers like Bitwise and 21Shares also reported moderate gains, while Grayscale’s ETH Trust experienced sustained outflows, losing 7,914 ETH over the week, the highest among all funds.

In contrast, Bitcoin ETFs have maintained stronger consistency, logging a total inflow of 1,150 BTC in 24 hours. iShares led this cohort, adding 1,045 BTC during the same session. Fidelity added 3,730 BTC across seven days, while ARK 21Shares reported a daily outflow of 95 BTC but held a net 2,390 BTC gain. The combined BTC holdings now total 1.25 million BTC, translating to $130.92 billion in value. GBTC remained the only Bitcoin ETF showing dual outflows, with 23 BTC pulled in one day and 88 BTC over seven days.

Ethereum has broken above long-term resistance on the ETH/BTC pair, closing near the 0.023000 level. This breakout is now targeting a move toward the 1.618 Fibonacci extension at 0.034314. The breakout follows a confirmed histogram divergence that started in late 2024, with green bars building above the midline. This move signals rising demand for ETH, while Bitcoin remains directionless across key levels. Ethereum's structure shows rising strength, with next targets at 0.042737 and 0.051161 on the 2.618 and 3.618 levels. Market participants are now watching to see if ETH can sustain this trajectory and extend its dominance over BTC.