Ethereum Spot ETFs Post $14.06M Net Inflow; BlackRock’s ETHA Leads After Three-Day Outflows
Ethereum spot ETFs recorded a $14.0551 million net inflow on Feb 3 (US ET), marking the first positive day after three consecutive days of outflows, according to SoSoValue. BlackRock’s ETHA led single-day inflows with $42.8535 million, bringing ETHA’s cumulative net inflows to about $12.203 billion. Grayscale’s Ethereum Mini Trust (ETH) added $19.115 million (cumulative $1.646 billion). Fidelity’s FETH saw the largest single-day outflow at $54.835 million but retains cumulative net inflows of $2.586 billion. Total assets under management (AUM) for Ethereum spot ETFs were reported at $13.388 billion, roughly 4.82% of Ethereum’s market capitalization, and cumulative historical net inflows across all Ethereum spot ETFs stood near $11.986 billion. Earlier-week data (Jan 12–16) showed larger weekly flows — $479 million net inflow for the week, led by ETHA ($219 million) and Grayscale’s ETH ($123 million) — and a higher reported AUM of $20.42 billion, reflecting that ETF flows and reported AUM can vary materially across reporting dates. For traders: the Feb 3 inflow interrupts a short streak of outflows and highlights continued institutional rotation among providers (notably strong demand for ETHA), but single-day large outflows from providers such as FETH demonstrate ongoing shifting allocations. This pattern suggests sustained institutional interest in gaining Ethereum exposure via spot ETFs, though inflows are volatile day-to-day. Data source: SoSoValue. This is market information, not investment advice.
Bullish
Net inflows into Ethereum spot ETFs, even modest single-day amounts, generally indicate renewed institutional demand for direct ETH exposure and tend to be price-supportive. The Feb 3 $14.06M inflow breaks a three-day outflow streak, led by a sizeable $42.85M allocation to BlackRock’s ETHA — a sign that large asset managers are still channeling capital into Ethereum products. Although Fidelity’s FETH experienced a large single-day outflow ($54.84M), its positive cumulative inflows suggest reallocations between providers rather than wholesale exits. Historical weekly data showing larger inflows (e.g., $479M for Jan 12–16) underline that liquidity into Ethereum via ETFs can be substantial and episodic. Short term: expect continued volatility around daily flows as traders react to large daily reallocations and ETF-level moves; inflows tend to provide support to ETH price during accumulation days. Long term: persistent cumulative inflows and rising AUM are constructive for Ethereum demand, helping reduce sell-side pressure and improving price resilience as more institutional capital adopts spot ETF wrappers. Overall, net positive flows and strong leadership from major providers point to a bullish influence on ETH price, though magnitude and consistency of flows will determine strength of the trend.