Ethereum ETF inflows hit record, is the spring of ETH coming?

On June 23, the cumulative net inflow of spot Ethereum ETFs listed in the United States exceeded US$4 billion, only 11 months after their listing.

The products were launched on July 23, 2024, and after 216 U.S. trading days, the cumulative net inflows reached US$3 billion as of May 30.

After breaking the $3 billion mark, the spot Ethereum ETF increased by $1 billion in just 15 trading days, and its lifetime net subscription volume has risen to $4.01 billion as of the close of June 23.

These 15 trading days account for 6.5% of the 231-day trading history, but account for 25% of all investments to date.

BlackRock’s iShares Ethereum Trust (ETHA) drove this growth with a total inflow of $5.31 billion, while Fidelity’s FETH contributed $1.65 billion and Bitwise’s ETHW increased by $346 million.

And Grayscale’s traditional ETHE trust (which was converted to ETF at launch) recorded an outflow of $4.28 billion during the same period.

Daily capital flow data show this change: ETHA absorbed more than $160 million on June 11 alone, while the trust had five trading days of inflows of more than $100 million in the trust.

During the same period, Grayscale's redemption amount slowed down, causing a sharp increase in total capital inflows.

ETHA and FETH charge a 0.25% administration fee, which is the same as the industry’s median and is below the 2.5% rate for ETHE.

According to a report by CoinShares , lower costs combined with mature primary market relations continue to lead inflows to BlackRock and Fidelity.

The report spoke with brokers who were configuring on behalf of wealth managers, highlighting three factors that drove the surge in June: First, the rebound in ETH prices relative to BTC, coincided with the IRS providing clearer guidance on pledge revenue in the Grantor Trust ETF.

Finally, the massive rebalancing orders of multi-asset allocators have also driven a surge in capital inflows, viewing Ethereum as an extension of its portfolio rather than an independent speculative bet.

The next quarter of the next quarter in mid-July 13F form submission deadline will reveal whether professional managers join the late spring funding tide.

As of March 31, these companies accounted for less than 33% of spot Ethereum ETF assets, indicating that there is room for widespread institutional participation even if retail funds are concentrated on low-cost tools.

Disclaimer: The views in this article only represent the author's personal views and do not constitute investment advice of this platform. This platform does not make any guarantees for the accuracy, completeness, originality and timeliness of article information, nor is it responsible for any losses caused by the use or trust in article information.