U.S. spot Ethereum ETFs see $28 million in net inflows, led by BlackRock’s ETHA

YM Lee

Summary

$28 million flowed into U.S. spot Ethereum ETFs in a single day.
BlackRock’s iShares Ethereum Trust (ETHA) led the flows with $27.25 million in inflows.
With inflows limited to a few ETFs, analysts said the broader spot Ethereum ETF market is still showing mixed supply-and-demand signals.

U.S. spot Ethereum exchange-traded funds (ETFs) recorded $28 million in inflows in a single day. Unlike spot Bitcoin ETFs, which continued to see net outflows, Ethereum ETFs posted modest net inflows.

According to data compiled by TraderT on the 28th (local time), total net inflows into U.S. spot Ethereum ETFs came to $28 million. BlackRock’s iShares Ethereum Trust (ETHA) led the day’s flows, drawing $27.25 million.

Fidelity’s FETH took in $0.75 million, while the rest—Bitwise (ETHW), 21Shares (CETH), Invesco (QETH), Franklin (EZET) and VanEck (ETHV)—saw no change in assets. Grayscale’s ETHE and the Grayscale Mini Trust were also flat, with no net inflows or outflows.

The market is focusing on the fact that the latest flows were concentrated in a product from a major asset manager. With inflows continuing to be limited to a handful of ETFs, some interpret the broader supply-and-demand direction for the spot Ethereum ETF market as still mixed.

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