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06/08 22:46

Ethereum spot ETF has seen inflows for 14 consecut

Ethereum spot ETF has seen inflows for 14 consecutive days, with inflows exceeding $3 billion year-to-date

As of June 5, the Ethereum spot ETF (ETH) has achieved net inflows for 14 consecutive trading days, mainly benefiting from the promotion of investment advisors and hedge fund managers.

According to Bloomberg data shared by ETF Store CEO Nate Geraci, the Ethereum ETF has inflowed about $812 million since May 20. According to Farside Investors, this move led to total net inflows exceeding $3 billion for the first time on May 30.

Accelerating demand

The continuous inflows began on May 16, when ETH prices hovered between $2,650 and $2,500.

Meanwhile, May 22 set a record for inflows during the same period, with Ethereum spot ETFs adding $110.5 million. This is the largest single-day inflow since February 4.

BlackRock's iShares Ethereum Trust (ETHA) still maintains its leading position in flow, with inflows of nearly $576 million, accounting for 71% of the total inflows in two weeks.  In addition, ETHA is also the absolute leader in cumulative net inflows, exceeding $4.8 billion.

Fidelity's Wise Origin Ethereum Fund (FETH) follows closely behind, with inflows of about $123 million in the past 14 days. FETH is the second-largest Ethereum ETF in terms of inflows, but its cumulative net inflows of $1.5 billion pale in comparison to ETHA.

The Ethereum ETF with the smallest cumulative inflows is 21shares' CETH, which has accumulated net inflows of $19.5 million since its launch on July 23, 2024.

Interestingly, while Grayscale's ETHE has accumulated net inflows of nearly negative $4.3 billion, its issuer's Ethereum Mini Trust has received net inflows of $688 million.

Institutional investors hold more than $1 billion

In addition, data shared by Bloomberg ETF analyst James Seyffart on June 4 showed that investment advisors account for the largest share of reported Ethereum ETF spot holdings.

 According to Q1 13-F filings, these institutions collectively hold about $582.4 million worth of Ethereum ETFs. They are followed by hedge fund managers with about $244.7 million, while brokerages announced holdings of $159.3 million in Ethereum ETFs.

Meanwhile, private equity firms reported total holdings of $39.8 million, while holding companies and trusts reported holdings of $17.2 million and $11.4 million, respectively.

Pension funds, banks, and family offices/trusts have smaller holdings of $7 million, $5.7 million, and $1.16 million, respectively. All categories have holdings totaling more than $1 billion. 

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