Ethereum Spot ETFs See $286 Million Inflow Third Week Running

Last week, from May 27 to May 30, the Ethereum spot ETF experienced a significant net inflow of $286 million. This marks the third consecutive week of net inflows for the Ethereum spot ETF, indicating a growing interest and investment in this particular financial instrument.

The Ethereum spot ETF with the highest net inflow during this period was the Blackrock ETF ETHA, which saw a weekly net inflow of $206 million. This substantial inflow brings ETHA's total historical net inflow to $4.61 billion, highlighting its popularity among investors. Following closely was the Fidelity ETF FETH, which recorded a weekly net inflow of $67.37 million, increasing its total historical net inflow to $1.51 billion.

On the other hand, the Grayscale Ethereum Trust ETF ETHE experienced the highest net outflow last week, with a net outflow of $4.62 million. This brings ETHE's total historical net outflow to $4.29 billion. Despite this outflow, the total net asset value of the Ethereum spot ETF remains robust at $9.45 billion. The ETF net asset ratio, which represents the market value as a percentage of the total Ethereum market value, stands at 3.04%. The cumulative historical net inflow for the Ethereum spot ETF is $3.05 billion.

This trend of net inflows suggests a positive sentiment towards Ethereum spot ETFs, with investors continuing to allocate funds into these products. The consistent inflows over the past three weeks underscore the growing confidence in Ethereum as an investment asset. The data also reflects the competitive landscape among different Ethereum spot ETFs, with Blackrock and Fidelity leading the way in terms of net inflows. The net outflow from Grayscale's ETHE, while notable, does not significantly impact the overall positive trend observed in the Ethereum spot ETF market.