Spot Ethereum ETFs Surpass $4 Billion Inflows in 11 Months

Coin WorldTuesday, Jun 24, 2025 10:14 am ET
1min read

Spot Ethereum exchange-traded funds (ETFs) in the United States have achieved a significant milestone by surpassing the $4 billion cumulative net inflow threshold in the 11th month since their launch. This achievement was reached on Monday, June 23, with daily inflows amounting to $100.7 million. The trading of Spot Ethereum ETFs commenced on July 23, 2024, and despite recent geopolitical tensions in the Middle East, the substantial daily inflows reflect ongoing investor confidence in the market.

Fidelity’s FETH fund led the inflows on Monday, with $60.5 million. BlackRock’s ETHA ETF, which typically leads, followed with $25.8 million in inflows. Grayscale’s ETHE fund saw $9 million in inflows, while its ETH mini product attracted $5.4 million. Other ETFs did not experience any significant movement.

Despite the large outflows from the high-fee Grayscale ETHE fund, Spot Ethereum ETFs, similar to Bitcoin ETFs, have maintained a positive balance sheet overall. The Grayscale ETHE fund alone has witnessed $4.3 billion in outflows to date. Excluding these outflows, the total net inflows could have reached $8.3 billion.

Following these exits, the market share of the Grayscale ETHE fund decreased from 89.7% to 30.2%. Conversely, BlackRock’s ETHA fund rose to the lead with a market share of 31.8%.

Fidelity FETH
ranked third with 18%, and Grayscale ETH secured the fourth position with 15.5%.

According to ETF Store President Nate Geraci, the $4 billion net inflow, including Grayscale outflows, is a notable accomplishment. He noted that some experts had initially suggested that Bitcoin ETFs could raise a maximum of $5 billion in the first year, indicating that expectations are continually being revised.

Bitcoin ETFs continue to outperform Ethereum ETFs, with U.S. spot Bitcoin ETFs seeing net inflows of $34.7 billion in the first 11 months since their launch in January 2024. This figure has now reached $47.3 billion. On June 23, there was a net inflow of $350.8 million into Bitcoin ETFs, totaling $2.8 billion in the last 10 days. BlackRock’s IBIT product was notably prominent in these inflows.