Ethereum ETFs Surge 100% in Year with $4 Billion Inflows

Ethereum ETF inflows have surpassed $4 billion in less than a year since their launch, indicating a growing institutional confidence in the cryptocurrency. This surge in inflows is particularly notable as it coincides with a significant outflow from Grayscale's ETHE product, which saw nearly equivalent outflows of $4.27 billion. This shift in capital flow highlights a changing landscape within the U.S.-based spot ETF market for Ethereum.

BlackRock and Fidelity have been the driving forces behind this growth. BlackRock's ETHA led the way with an impressive $5.3 billion in total inflows between June 5 and June 24. The ETF recorded its peak daily inflow of $163.6 million on June 11, with other high-volume days on June 10 and 12. However, there was a brief reversal on June 20 with a $19.7 million outflow. Fidelity’s FETH followed closely with $1.65 billion in inflows, with its highest daily addition of $202.2 million on June 11. Despite some red days, FETH maintained an average daily net inflow of $7.2 million.

Bitwise’s ETHW ETF added $346.2 million to Ethereum’s ETF stack, with its largest single-day gain hitting $204 million. However, it also saw a significant $56.1 million decline on another trading day. VanEck’s ETHV gathered $141.3 million in flows, with a peak of $19.8 million and a $4.8 million outflow on its weakest day. 21Shares’ CETH ETF registered just $19.5 million in net activity, revealing minimal traction despite market momentum. Invesco’s QETH secured $23 million, and Franklin Templeton’s EZET drew $42.6 million, both with isolated spikes in inflows and isolated drawdowns.

This rotation toward newer ETF vehicles indicates a shift in institutional preferences. The strategic move by asset managers like BlackRock and Fidelity to offer efficient exposure to Ethereum appears to be paying off in market share. These ETFs represent a notable reshaping of capital channels around Ethereum exposure, offering regulated, custodial access to Ethereum without synthetic derivatives. This model contrasts with Grayscale’s ETHE, which recorded a stark $4.27 billion in total outflows across the same period.

Grayscale’s ETHE experienced the sharpest capital flight, with a maximum daily outflow of $484.1 million and sustained withdrawals throughout June. Its native ETH product posted $754.1 million in cumulative flows, positive in aggregate but volatile, with a $73.2 million high and a $37.8 million low. While older products bleed capital, Ethereum’s broader fundamentals are evolving. Recent analysis notes that 13.2 million unique addresses interacted with Ethereum chains, even amid a 19.34% weekly decline. Layer 2 activity currently outpaces mainnet interactions by 5.04x, reflecting Ethereum’s growing multichain and modular ecosystem.

Ethereum is currently trading at $2,443.6, up 1.24% on the daily candle. Technical indicators show mixed sentiment, with MACD remaining negative at -2.6, but RSI climbing toward the neutral line at 47.75. The price has rebounded from sub-$1,600 lows seen earlier in 2025 and is approaching the $2,500 mark, a significant resistance area tested multiple times in 2024. This ETF flow trend arrives as Ethereum’s chart structure shows deeper support between $1,500 and $1,600, with multiple historical pivot levels forming a base for renewed upside. The macro-backed price compression has not stopped capital from entering via compliant investment vehicles.

Ethereum ETF net inflows now total $4.01 billion, led overwhelmingly by BlackRock and Fidelity. These shifts mark a clear turning point in institutional Ethereum exposure and may shape the next leg of ETH’s market trajectory. The growing L2 activity and ETF demand signal rising institutional and ecosystem confidence despite short-term market dips. This trend suggests that institutional investors are increasingly favoring newer, more efficient ETF vehicles for Ethereum exposure, potentially reshaping the future of Ethereum's market dynamics.