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BitcoinSistemi 2025-06-24 13:57:08

Ethereum Exchange Traded Funds (ETF) Passed Critical Level in 11th Month! Here Are the Details

Spot Ethereum exchange-traded funds (ETFs) traded in the United States have surpassed the $4 billion cumulative net inflow threshold in the 11th month of their launch. US Spot Ethereum ETFs Surpass $4 Billion Net Inflow Threshold This milestone was surpassed on Monday, June 23, with daily inflows of $100.7 million. Spot Ethereum ETFs began trading on July 23, 2024. Despite recent geopolitical tensions in the Middle East, the high daily inflows indicate continued investor confidence. Fidelity Takes Lead, BlackRock Second Fidelity’s FETH fund had the biggest inflow on Monday, with $60.5 million. BlackRock’s ETHA ETF, which usually leads, came in second with $25.8 million inflows. Grayscale’s ETHE fund saw $9 million inflows, while its ETH mini product saw $5.4 million. Other ETFs saw no movement. Spot Ethereum ETFs, like Bitcoin ETFs, have achieved a positive balance sheet overall despite the large outflows from the high-fee Grayscale ETHE fund. Grayscale ETHE fund alone has seen $4.3 billion in outflows to date. Without these outflows, total net inflows could have reached $8.3 billion. Following these exits, the Grayscale ETHE fund's market share fell from 89.7% to 30.2%, while BlackRock's ETHA fund rose to the lead with a share of 31.8%. Fidelity FETH ranked third with 18%, and Grayscale ETH ranked fourth with 15.5%. “$4 billion net inflow including Grayscale outflows, I think that’s quite a feat. If you recall, some experts suggested that Bitcoin ETFs could raise a maximum of $5 billion in the first year. Expectations are constantly being updated,” ETF Store President Nate Geraci said in an assessment on the social media platform X. Total trading volume of spot Ethereum ETFs reached $89 billion, with daily volume on June 23 at $840 million. While this figure is still below the $1.5 billion daily peak in February, it remains above average. Bitcoin ETFs Still Ahead For comparison, U.S. spot Bitcoin ETFs saw net inflows of $34.7 billion in the first 11 months since their launch in January 2024. That figure has now reached $47.3 billion. On June 23, there was a net inflow of $350.8 million into Bitcoin ETFs. This means a total inflow of $2.8 billion in the last 10 days. BlackRock’s IBIT product was again prominent in the inflows. *This is not investment advice. Continue Reading: Ethereum Exchange Traded Funds (ETF) Passed Critical Level in 11th Month! Here Are the Details

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