Ethereum ETFs Surpass $1 Billion in Inflows

On Monday, U.S. spot Ethereum exchange-traded funds (ETFs) surpassed $1 billion in net inflows for the first time since their launch in July 2022. Nick Ruck, Director at LVRG Research, noted, "Investors are increasingly recognizing Ethereum's value as both a store of value and a foundational layer for decentralized finance and Web3 innovation." Data from SoSoValue reveals that the nine ether ETFs collectively drew in $1.02 billion, led by BlackRock's ETHA, which attracted $639.8 million. Fidelity's FETH recorded its largest inflows to date at $277 million, while Grayscale's Mini Ether Trust reported $66.57 million. Other funds, including those from Bitwise and 21Shares, also saw positive flows. This significant inflow milestone comes after months of strong performance, with over $8 billion in net inflows since May. The cumulative net inflows into ether ETFs now total $10.83 billion. Kronos Research CIO Vincent Liu attributes the rise in inflows to "relentless regulatory support and record-breaking TradFi treasury allocations," which enhance liquidity and reaffirm Ethereum's role in mainstream crypto adoption. In comparison, spot bitcoin ETFs had a modest inflow of $178.15 million on the same day. Ether's value has also increased considerably, rising 45% over the past month, although it has experienced a slight dip of 0.42% in the last 24 hours, trading at $4,284.