Ethereum investment products have drawn over $4 billion in net inflows since early July, marking 13 straight trading days of gains.
On Tuesday alone, spot Ethereum ETFs brought in $533 million, with BlackRock’s ETHA leading the charge by adding $426 million in a single day.
Institutional appetite for ETH appears to be growing, especially as Bitcoin ETF flows cool. BlackRock’s fund now manages more than $10 billion in assets, while total ETH ETF holdings account for nearly 4.5% of Ethereum’s market cap. Fidelity’s FETH also saw continued inflows, though at a smaller scale.
Bitwise CIO Matt Hougan noted that ETH exchange-traded products remain underrepresented compared to Bitcoin ETPs, even though Ethereum commands nearly 20% of Bitcoin’s market cap. He believes ETH demand could soar to $20 billion within a year—about seven times more than the expected new ETH supply.
Adding to this narrative, blockchain analytics firm Lookonchain reported that five wallets withdrew a combined $285 million in ETH from Kraken on Wednesday. This kind of movement is often seen as a signal of accumulation, reinforcing the idea that long-term investors are positioning for further upside.
Meanwhile, Bitcoin ETFs saw a pullback of $68 million in outflows the same day, led by Bitwise’s BITB and Ark’s ARKB. The contrast in flows suggests a growing willingness among investors to diversify beyond BTC, with Ethereum now emerging as a serious institutional contender.
Editorial Team
Reporter at Coindoo
Source: https://coindoo.com/ethereum-etfs-see-4b-inflows-as-bitcoin-loses-steam/