Ethereum Spot ETFs Attract Record $727M in Inflows
U.S. Ethereum spot ETFs attracted a record $727 million in net inflows in a single trading day, surpassing the previous $717 million high. Major issuers including BlackRock, Fidelity and Grayscale led the surge, driving total assets under management higher and pushing ETF holdings to over 5 million ETH, or more than 4% of the circulating supply. Inflows outpaced Bitcoin spot ETFs and equated to nearly 107 times Ether’s daily issuance. Traders attribute the spike to renewed optimism around upcoming network upgrades and a broader crypto market rally. The influx underscores growing institutional demand for Ethereum spot ETFs and may tighten supply, bolstering ETH price momentum.
Bullish
Record net inflows into Ethereum spot ETFs signal robust institutional interest and confidence in ETH products. The surge led by BlackRock, Fidelity and Grayscale not only surpasses Bitcoin ETF performance but also tightens available supply by adding over 5 million ETH to institutional holdings. In the short term, this influx may drive positive price momentum as demand outstrips issuance. Over the long term, sustained ETF accumulation could underpin ETH’s fundamentals by reducing circulation and reinforcing investor conviction in upcoming network upgrades.