Ethereum ETFs Attract $1.83 Billion in Inflows Over Five Days
Inflows into spot Ethereum ETFs reached $1.83 billion over the last five trading sessions, significantly surpassing Bitcoin ETFs, which attracted only $171 million.
Ethereum ETFs Outperform Bitcoin
- On Wednesday, nine Ethereum funds saw net inflows of $310.3 million, compared to $81.1 million across 11 Bitcoin funds.
- BlackRock’s Ethereum ETF (ETHA) accounted for most inflows at $262 million, totaling over $13 billion since inception.
- On August 27, ETHA recorded net inflows of 57,584 ETH worth $265.74 million and a trading volume of $1.6 billion.
- This marks the fifth consecutive day of inflows for ETHA, totaling $1.2 billion.
- Since July, spot Ether ETFs have accumulated nearly $10 billion in inflows, with total aggregate inflows reaching $13.6 billion over 13 months.
Investment Advisers Leading Purchases
- Investment advisers are now the largest buyers of spot Ethereum ETFs, investing over $1.3 billion (539,000 ETH) in Q2, a 68% increase from Q1.
- Cryptocurrencies are being viewed as long-term diversification tools within traditional portfolios.
- This week, Ether price rose 5%, outperforming Bitcoin's 2.8% increase.