U.S. Spot Ethereum ETFs recorded a monumental $1.85 billion in net inflows last week, marking the second-largest weekly inflow since their inception and signaling surging institutional confidence. Data from SoSoValue reveals this dwarfs the mere $72.06 million attracted by U.S. Spot Bitcoin ETFs during the same period.
BlackRock's ETHA dominated, capturing $1.29 billion of the inflows, pushing its total net assets to $10.69 billion. Fidelity's FETH followed with $382.89 million, while Grayscale's ETH and Bitwise's ETHW saw $171.75 million and $34.63 million respectively. Minor outflows occurred in Grayscale's ETHE ($42.03M) and 21Shares' CBOE ($374,050).
Cumulatively, Ethereum ETFs have attracted $9.33 billion since their July 2024 launch, holding $20.66 billion in assets (4.64% of ETH's market cap). This surge is attributed to SEC approval granting regulatory legitimacy, Ethereum's foundational role in DeFi/NFTs, anticipation of network upgrades like Pectra, and investor diversification beyond Bitcoin. The inflows reduce ETH exchange supply, creating sustained upward price pressure, and validate Ethereum's status as a core institutional asset, potentially paving the way for broader altcoin ETF adoption.