Ethereum Spot ETFs Achieve $420 Million Inflows Amid Price Decline

The Ethereum Spot ETFs started February 2025 with significant net inflows of $420 million, surpassing the $203 million in Bitcoin ETFs during a week where Ethereum's price fell by 16.18%. This increase in interest is attributed to a rising preference for Ethereum in CME basis trading, which yielded a gain of 16%, compared to Bitcoin's 10%.

Key Highlights

Ethereum Spot ETFs attracted $420 million in inflows despite a price decline.
Bitcoin Spot ETFs recorded $203 million in inflows during the same period.
BlackRock's ETHA led with $286.81 million in deposits.
Fidelity’s FETH followed with $97.28 million.
Other ETFs like Grayscale’s ETHE and Bitwise’s ETHW saw modest inflows ($4 million - $18 million).
Invesco’s QETH and other funds reported zero net flows.
Total net assets of Ethereum Spot ETFs decreased to $9.88 billion, controlling 3.17% of Ethereum’s market cap.

Current ETH Price Status

Ethereum is priced at $2,681, with a 1.46% rise in the last 24 hours, although daily trading volume has dropped by 45.15% to $16 billion. The Relative Strength Index indicates potential for a price reversal but faces resistance around the $3,400 mark, which could lead back to local peaks near $4,000.