Ethereum ETFs Notch 11 Straight Days of Inflows—Here’s Why the Smart Money Is Flooding In

Wall Street’s latest crypto crush shows no signs of cooling off. Ethereum ETFs just racked up their eleventh consecutive day of inflows—but what’s driving the frenzy?

The institutional embrace: TradFi players are finally waking up to ETH’s utility beyond ’digital oil.’ From DeFi rails to NFT infrastructure, the network effect is undeniable.

The yield play: With staking rewards still outpacing most fixed-income products, yield-starved fund managers are diving in headfirst. Even after the Merge, ETH remains the honey pot for institutional bears.

The cynical take: Nothing gets money flowing like the fear of missing out—especially when bankers can slap a familiar ’ETF’ label on it. Eleven days of inflows? More like eleven days of FOMO dressed up as due diligence.

TLDR

• Ethereum ETFs recorded a total net inflow of $78.17 million on June 2.
• BlackRock’s iShares Ethereum Trust ETF led the inflows with $48.40 million.
• Fidelity’s Ethereum Fund was the only other to receive inflows with $29.78 million.
• This marks the 11th consecutive day of positive inflows for Ethereum ETFs.
• The total cumulative net inflow into Ethereum ETFs has reached $3.12 billion.

Ethereum ETFs recorded significant momentum on June 2 with net inflows totaling $78.17 million. BlackRock and Fidelity’s ethereum funds were the only ones to receive new capital on the day. This marks the 11th straight session of positive inflows into Ethereum ETFs, indicating strong demand for exposure to ETH.

Ethereum ETFs Maintain 11-Day Inflow Streak

Ethereum ETFs sustained inflows for the 11th consecutive day, adding over $78 million in new funds. BlackRock’s iShares Ethereum Trust ETF (ETHA) led with $48.40 million in inflows, representing the majority share. Fidelity’s Ethereum Fund (FETH) followed with $29.78 million added, rounding out the day’s total.

Since their launch in 2024, the cumulative net inflow into Ethereum ETFs has reached $3.12 billion. Recent inflows align with increasing institutional participation, partly driven by Ethereum staking initiatives. Daily inflow data from SoSo Value continues to reflect this sustained interest.

Ethereum ETFs are gaining ground as reliable assets, especially amid contrasting activity in Bitcoin ETF markets. Ethereum ETF products have maintained positive momentum despite broader market volatility. Their growing net asset values reflect broader confidence in Ethereum’s long-term utility and performance.

BlackRock’s ETHA Tops Ethereum ETF Rankings

BlackRock’s ETHA remains the top-performing Ethereum ETF by assets under management, currently holding $3.64 billion. ETHA also contributed the largest inflow on June 2, strengthening its market position. Fidelity’s FETH maintains a solid presence with $1.13 billion in assets.

Grayscale’s ETHE ranks second with $2.88 billion in assets but recorded no inflows on the day. Grayscale’s ETH product follows with $1.27 billion, maintaining its spot among the top three. Bitwise’s ETHW rounds out the top five with $245.99 million in assets.

These asset values underline the growing weight of Ethereum ETFs in the institutional space. As ETHA continues leading in both inflows and assets, it sets a strong benchmark. The fund’s consistent performance positions it for further capital allocation in the months ahead.

Bitcoin ETFs Continue Outflow Streak

In contrast to Ethereum ETFs, bitcoin ETFs recorded $267.52 million in net outflows on June 2. BlackRock’s IBIT experienced the largest withdrawal, with $130.44 million leaving the fund. IBIT still manages $68.83 billion in assets, remaining the category’s largest product.

Fidelity’s FBTC and Ark Invest’s ARKB also recorded notable outflows of $50.11 million and $73.91 million, respectively. Grayscale’s GBTC saw $16.47 million leave, extending its losing streak. Only Bitwise’s BITB received a modest inflow of $3.41 million on the same day.

This divergence in FLOW trends highlights a shifting preference from Bitcoin to Ethereum ETFs among large capital allocators. Ethereum ETFs are showing stronger consistency in attracting new funds.