Ethereum ETFs added 16% of their lifetime inflows in one week—is a breakout coming?

Ethereum ETFs recently recorded their third-biggest day ever, adding $500M in a week—16% of all inflows since launch. With ETH stabilizing, could this signal a larger trend reversal?

Spot Ethereum (ETH) ETFs have seen a surge in inflows over the past week, with more than $500 million entering the market in the last five trading sessions as of Feb. 6.

According to CoinGlass, the recent wave of investments accounts for about 16% of all-time net inflows, which now stand at $3.17 billion, and represents 18% of the $2.8 billion that flowed in between Jul. 23, when spot Ethereum ETFs were approved, and Jan. 23. Much of this inflow has been concentrated among three major players in the Ethereum ETF market.

According to Blockworks, BlackRock’s iShares Ethereum Trust (ETHA) leads with $3.75 billion in assets under management, closely followed by Grayscale’s Ethereum Trust (ETHE) at $3.67 billion. Fidelity’s Ethereum Fund (FETH) rounds out the top three with $1.34 billion.

The total AUM for Ethereum ETFs exceed cumulative inflows due to asset appreciation and reinvestments.

Feb. 4 marked a significant spike in ETF inflows, with over $307 million added that day alone. It was the third-highest single-day inflow since the launch of spot Ethereum ETFs, trailing behind Dec. 5, which saw the largest one-day inflow of more than $428 million.

The increase in ETF demand coincided with a rebound in Ethereum’s price. After declining to $2,150 on Feb. 3, Ethereum recovered to $2,920 by Feb. 4, reflecting a 36% increase.

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The price movement followed a temporary reversal of tariffs imposed by President Donald Trump on Canada, Mexico, and China.

The original announcement of these tariffs had contributed to a broader market downturn, leading to one of Ethereum’s steepest declines in recent months.

Ethereum has since stabilized, trading at $2,720 as of Feb. 7, though it remains about 27.5% below its 2025 peak of $3,750, recorded on Jan. 6, and approximately 45% below its all-time high of $4,890 from Nov. 2021.

Investor sentiment remains mixed on the asset’s next move, but some analysts see parallels with past market cycles.

On Feb. 7, investor Ted Pillow noted on X that Ethereum had seen capitulation candles in Q1 2024, Q3 2024, and now Q1 2025, each time followed by a 90–100% rally over the next 8 to 12 weeks.

Ethereum had one capitulation candle in Q1 2024, Q3 2024 and Q1 2025.

Last two times, it resulted in a bottom, and $ETH pumped 90%-100% in the next 8-12 weeks.

This time, I think something similar will happen again. Ethereum will melt faces 🔥 pic.twitter.com/qKnZen8Gcz

— Ted (@TedPillows) February 6, 2025

He suggested that if historical patterns hold, Ethereum could be positioned for another upward move.

While it remains uncertain whether this trend will repeat, the recent ETF inflows indicate that institutional investors are actively positioning in Ethereum, potentially in anticipation of further price movements.

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