Spot Ethereum ETFs post 14-day inflow run, lifting year-to-date haul above $3B

Spot Ethereum (ETH) exchange-traded funds (ETFs) notched a 14-session streak of net inflows as of June 5, fueled by investment advisors and hedge fund managers.

According to Bloomberg data shared by ETF Store CEO Nate Geraci, Ethereum ETFs since May 20 added roughly $812 million. This movement resulted in total net inflows of over $3 billion for the first time, according to Farside Investors’ data, on May 30.

Accelerating demand

The uninterrupted inflows began with the session on May 16, when ETH’s price got stuck between $2,650 and $2,500.

Meanwhile, May 22 marked the inflow record during the period, with $110.5 million added to spot Ethereum ETFs. This was the most significant single-day inflow since Feb. 4.

BlackRock’s iShares Ethereum Trust (ETHA) remains the flow leader with nearly $576 million in inflows, taking in 71% of the two-week total. Additionally, ETHA is the absolute leader in cumulative net flows, surpassing $4.8 billion.

Fidelity’s Wise Origin Ether Fund (FETH) followed with roughly $123 million in the past 14 days. FETH is the second-largest Ethereum ETF by inflows, but its cumulative $1.5 billion in net flows pales in comparison to ETHA.

The smallest Ethereum ETF by cumulative inflows is 21shares’ CETH, which has accumulated $19.5 million since its launch on July 23, 2024.

Interestingly, despite Grayscale’s ETHE registering nearly negative $4.3 billion in cumulative net flows, the issuer’s Ethereum Mini Trust captured $688 million.

Institutional interest surpass $1B

Furthermore, Bloomberg ETF analyst James Seyffart shared data on June 4 highlighting that investment advisers account for the largest share of declared spot Ethereum ETF exposure.

These entities collectively hold approximately $582.4 million worth of shares based on 13-F filings for the first quarter. Hedge fund managers follow with roughly $244.7 million invested, while brokerages declared a $159.3 million exposure.

Meanwhile, private equity firms reported a combined exposure of $39.8 million, while holding companies and trusts reported $17.2 million and $11.4 million, respectively.

Pension funds, banks, and family offices/trusts contributed with smaller allocations of $7 million, $5.7 million, and $1.16 million, respectively. Across all categories, reported positions surpass $1 billion.

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