Spot Ether ETFs recorded nearly $2.4 billion in the past six trading days. BlackRock’s ETHA was the biggest beneficiary of the inflow.
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US investors poured more into spot Ether () exchange-traded funds than their Bitcoin counterparts over the last six trading days, as institutional interest in Ethereum surged this week.
Spot Ether ETFs recorded a net inflow of nearly $2.4 billion in the past six trading days, far above spot Bitcoin ETFs, which recorded only $827 million during the same period, to Farside Investors.
Ether ETF inflows also outpaced Bitcoin ETFs for each of the last six trading days.
BlackRock’s iShares Ethereum ETF (ETHA) was the biggest beneficiary of the recent inflow, as the fund saw a net inflow of $1.79 billion, amounting to nearly 75% of the total inflow, during the six-day period.
ETHA recently became the in assets under management. It managed to accomplish this feat in 251 trading days.
Meanwhile, Fidelity Ethereum Fund (FETH) registered its best day on Thursday, with the fund witnessing a net inflow of $210 million. It beat its previous record by 4%, as the fund recorded a net inflow of $202 million on Dec. 10, 2024.
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Institutional demand for ETH has been picking up in recent weeks.
BitMine Immersion Technologies bought ETH worth , which propelled the company to become the largest corporate holder of ETH.
Currently, companies that hold ETH in their respective treasuries hold 2.31 million ETH, which amounts to 1.91% of ETH’s circulating supply, to Strategic Ether Reserves.
Galaxy Digital CEO Michael Novogratz has predicted that the . He further said that ETH will outperform BTC in the next six months.
Novogratz pointed out that both BitMine Immersion Technologies and SharpLink Gaming have bought large amounts of ETH that can create a supply shock.
On Monday, spot Bitcoin ETFs broke a 12-day inflow streak, as BTC ETFs collectively saw a . Before Monday, the 12-day net inflow collectively stood at $6.6 billion.
Swissblock research expects this trend to continue, as the research firm said, “ETH is as the next leg of the cycle unfolds.”
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