US Spot Ethereum ETFs Achieve $747M in Inflows Over Five Days

US spot Ethereum ETFs have recorded a significant inflow of roughly $746.5 million from September 18 to September 24, marking five consecutive days of net inflows. Notably, no fund experienced an outflow on the final day of this streak.

This surge in inflows highlights an increasing appetite among investors for regulated exposure to Ethereum, bringing the total net inflows since the launch of these ETFs to approximately $13.85 billion. Currently, the total assets under management (AUM) across this product category stand at around $17.7 billion, which accounts for about 5.39% of Ethereum's total market capitalization.

Leading Funds in the Inflow Streak

On September 24, the funds collectively added $66.1 million, with BlackRock’s iShares Ethereum Trust (ETHA) leading the way by attracting $26.8 million. Fidelity’s FETH followed closely with $21.5 million, while Grayscale’s Ethereum Mini Trust brought in $17.8 million. The day prior, September 23, saw an even stronger inflow of $104.5 million.

Comparative Performance with Bitcoin ETFs

Despite this positive momentum, Ethereum ETFs still lag behind Bitcoin ETFs in terms of total capital raised. Bitcoin spot ETFs surpassed the $13 billion cumulative inflow mark much more rapidly after their launch in January 2024, and their total AUM significantly exceeds that of Ethereum funds.

Factors Driving Inflows

The recent uptick in inflows can be attributed to shifting macroeconomic conditions that favor risk assets, alongside Ethereum's historical price movements correlating with sustained ETF inflows. Institutional adoption appears to be broadening, as evidenced by the five-day streak that recorded zero outflows on the final day, indicating that existing holders are not selling even as new capital enters the market.

New Facts on US Spot Ethereum ETFs

• US crypto exchange-traded funds (ETFs) have attracted over $3 billion in inflows this week, with nearly $800 million flowing into assets beyond Bitcoin.
• Ethereum spot ETFs alone garnered $602.94 million from Monday through Thursday, accounting for over 75% of the capital moving into non-Bitcoin products.
• Ethereum ETFs experienced their largest daily inflow since October 7, 2025, with $270 million on Monday.
• Cumulative net inflows into the 11 Ethereum ETFs tracked reached $13.85 billion, with combined net assets of $17.70 billion by September 24.
• Solana, XRP, and Zcash products collectively attracted about $189.7 million this week, with Solana alone bringing in $101.55 million.
• All 35 non-Bitcoin pairs tracked by Bitfinex advanced between September 18 and September 22, with a median gain of 12% compared to Bitcoin's 6.6% rise.

New Insights on Bitcoin ETFs

Bitcoin exchange-traded funds (ETFs) have seen a remarkable inflow of over $2.8 billion since September 17, 2023, marking a winning streak of six consecutive days of investment.

On Monday, investors purchased nearly $1 billion in shares, the highest single-day inflow since October 6, when the funds attracted over $1.2 billion.

The price of Bitcoin reached a new all-time high of $126,080 in October 2022 but has since fluctuated, recently standing at nearly $83,975 after peaking at $87,330 earlier this week.

As of September 21, 2023, the average Bitcoin ETF holder is now in profit, with the estimated ETF cost basis rising above $81,722 for the first time since January.

Investor interest in Bitcoin has surged following the U.S. Department of the Treasury's announcement in August to double its liquidity-support buyback operations, which contributed to a decrease in 30-year Treasury yields and a weakening of the dollar.

Despite recent legislative setbacks and interest rate hikes by the Federal Reserve, analysts suggest that Bitcoin may be entering a bull run, as it has recently crossed above its 365-day moving average, indicating the end of a bear market.