- US spot Ethereum exchange-traded funds (ETFs) drew $307 million in net inflows on Wednesday.
- By comparison, spot Bitcoin ETFs recorded $81.3 million in inflows.
- Since August 21, spot Ether ETFs have accumulated $1.83 billion in inflows.
US spot Ethereum exchange-traded funds (ETFs) attracted $307 million in net inflows on Wednesday, further extending their lead over spot Bitcoin ETFs, according to SoSoValue data.
BlackRock’s ETHA led the single-day inflows with $262.6 million, followed by Fidelity’s FETH at $20.5 million.
Other funds, including Grayscale’s Mini Ethereum Trust (ETHE Mini) and the full Grayscale ETHE, as well as VanEck’s ETHV, also reported fresh inflows.
In contrast, spot Bitcoin ETFs registered $81.3 million in inflows, marking a third consecutive day of positive flows, but remaining well below Ethereum’s totals.
Bitcoin rose about 2% over the past 24 hours to $113,307 as of 3:10 a.m. ET Thursday, according to CoinGlass data. Ethereum was largely unchanged, edging up roughly 0.08% to $4,581.
Despite the small daily move, Ether has shown a stronger recovery this week, climbing about 5% from its Tuesday low, compared with Bitcoin’s roughly 2.8% gain over the same period.
Surge in Ether ETF Demand
Since August 21, spot Ether ETFs have seen $1.83 billion in inflows, compared with $171 million for spot Bitcoin ETFs, according to the data.
| Date | ETHA (BlackRock) | FETH (Fidelity) | ETHW (Bitwise) | CETH (21Shares) | ETHV (VanEck) | QETH (Invesco) | EZET (Franklin) | ETHE (Grayscale Mini) | ETH (Grayscale ETHE) | Total |
|---|---|---|---|---|---|---|---|---|---|---|
| 21 Aug 25 | 233.6 | 28.5 | 7.0 | 0.0 | 6.2 | 0.0 | 0.0 | 5.9 | 6.4 | 287.6 |
| 22 Aug 25 | 109.4 | 117.9 | 36.3 | 0.0 | – | 0.0 | 5.5 | 45.9 | 22.7 | 337.7 |
| 25 Aug 25 | 314.9 | 87.4 | 9.7 | 5.6 | 0.0 | 2.2 | 0.0 | (29.2) | 53.3 | 443.9 |
| 26 Aug 25 | 323.1 | 85.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 5.3 | 41.1 | 455.0 |
| 27 Aug 25 | 262.6 | 20.5 | 0.0 | – | 3.3 | 0.0 | 0.0 | 5.7 | 15.1 | 307.2 |
Ethereum educator and observer Anthony Sassano described the shift in flows as “brutal,” underscoring the large-scale rotation into Ether ETFs.
Nate Geraci, president of NovaDius Wealth Management, noted that spot Ether ETFs are approaching $10 billion in inflows since early July.
Spot Ether ETFs, which have been trading for 13 months, have now gathered $13.6 billion in total cumulative inflows, with much of that activity occurring in recent months.
Spot Bitcoin ETFs have a longer trading history — about 20 months — and have accumulated roughly $54 billion in aggregate inflows.
Recent momentum has tilted toward Ethereum, a shift some market participants attribute in part to the passage of the GENIUS Act stablecoin legislation in July. Because Ethereum hosts a large share of stablecoins and tokenized real-world assets, VanEck CEO Jan van Eck described Ethereum as “very much what I call the Wall Street token” in a recent interview.
Bloomberg ETF analyst James Seyffart reported that investment advisers represent about $1.3 billion of exposure to Ether ETFs, based on SEC filings. Goldman Sachs was identified as the largest single institutional holder, with approximately $712 million in exposure.