U.S. spot Ethereum ETFs continued their strong momentum with $523.9 million in net inflows on Tuesday, following a record $1.02 billion day, pushing total assets to $27.6 billion.
According to SoSoValue data, six of the nine ether ETFs posted positive flows, led by BlackRock’s ETHA, which drew $318.67 million. Fidelity’s FETH followed with $144.9 million, and Grayscale’s Mini Ether Trust recorded $44.25 million in net inflows.
This marks the sixth consecutive day of inflows for spot ETH ETFs, totaling $2.33 billion over the streak. The funds now hold $27.6 billion in assets, representing roughly 4.8% of Ethereum’s market capitalization.
Shift From Bitcoin to Ethereum in Institutional Flows
Nate Geraci, President of The ETF Store, noted that the trend signals a “notable shift” away from spot Bitcoin ETFs, which dominated inflows throughout last year. On Tuesday, spot Bitcoin ETFs saw comparatively modest activity with $65.9 million in net inflows.
Geraci added that Ethereum ETFs may have been underestimated initially because traditional finance (TradFi) investors lacked a deep understanding of ETH. Now, narratives such as “backbone of future financial markets” appear to be resonating more strongly.
With institutional adoption accelerating and ETF inflows hitting new highs, Ethereum’s market outlook appears increasingly bullish heading into the final quarter of the year.
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.