Funds accumulate 6.3M ETH despite recent outflows as investor demand grows
Spot Ethereum exchange-traded funds (ETFs) in the United States now collectively hold more than 5% of the total ETH supply, according to on-chain data. The milestone underscores the rapid adoption of institutional-grade Ethereum investment vehicles, even as recent trading sessions showed signs of volatility.
Data shows that Ethereum ETFs hold 6.3 million ETH worth $26.7 billion, representing 5.08% of circulating supply. Alongside ETFs, digital asset treasuries (DATs) also account for over 2% of ETH supply, highlighting the growing institutional presence in Ethereum markets.
“This is a significant threshold for Ethereum adoption,” BITX market analyst noted. “Institutional flows are reshaping ETH’s liquidity profile in ways we previously only saw with Bitcoin.”
Outflows After Record Inflows
Despite strong accumulation, ETFs recorded $196.6 million in net outflows on Monday, marking the second-largest single-day withdrawal since their debut. This came after eight consecutive days of inflows totaling $3.7 billion, with weekly net inflows reaching $2.85 billion last week compared with $325.8 million the week before.
Ethereum’s price slipped 1.5% in the past 24 hours to $4,239, while Bitcoin edged down 0.1% to $115,299. Analysts suggest that profit-taking and broader market caution contributed to the pullback.
Impact on Ethereum Market
The ETF flows are closely watched because they influence ETH’s supply dynamics and liquidity across exchanges. While outflows have created short-term pressure, analysts argue that the long-term trajectory of ETH ETF adoption remains intact, with institutional investors increasingly viewing Ethereum as a core digital asset alongside Bitcoin.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.