US spot Ethereum ETFs booked five straight days of net inflows through September 24, pulling in roughly $746.5 million and pushing cumulative inflows since launch to about $13.85 billion. BlackRock, Fidelity, and Grayscale led the final day's haul, even as the category still trails Bitcoin's spot ETF funds by a wide margin.
US spot Ethereum ETFs pulled in roughly $746.5 million over five consecutive trading days through September 24, with not a single fund posting an outflow on that final day. The streak lifted cumulative net inflows since launch to approximately $13.85 billion.
Total assets under management across the category now stand at around $17.7 billion, about 5.39% of Ethereum's total market capitalization.
BlackRock and Fidelity lead the final day
On September 24, the funds collectively added $66.1 million. BlackRock's iShares Ethereum Trust (ETHA) led with $26.8 million in fresh capital, followed by Fidelity's FETH with $21.5 million and Grayscale's Ethereum Mini Trust with $17.8 million. The day before was even stronger: September 23 alone brought in $104.5 million, part of a run spanning September 18, 21, 22, 23, and 24.
Still trailing Bitcoin's pace
Ethereum ETFs still trail their Bitcoin counterparts by a wide margin in total capital attracted. Bitcoin spot ETFs blew past the $13 billion cumulative inflow mark far more quickly after their January 2024 launch, and their total AUM dwarfs what Ethereum funds have accumulated so far.
Newly introduced staking-enabled ETH ETF products add another dimension to the demand story. These products let holders earn yield on their ETH exposure through the fund structure, addressing a key criticism of early spot ETH ETFs: that investors forgo staking rewards by holding a non-staking wrapper instead of the underlying asset.
Macroeconomic conditions have shifted in ways that tend to favor risk assets, and Ethereum's price moves have historically correlated with periods of sustained ETF inflows. Zero outflows on the streak's final day suggest existing holders aren't rotating out even as new money enters.
Source: Crypto Briefing
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