Ethereum ETFs Experience a Surge in Investor Confidence
In a remarkable turnaround, spot Ethereum ETFs based in the United States have experienced a significant shift in investor sentiment over recent weeks. This positive trend reflects a broader change in the outlook of Ethereum enthusiasts as the year progresses.
Ethereum ETFs Enjoy 15 Days of Continuous Capital Inflows
Recent data from SoSoValue indicates that U.S. Ethereum ETFs recorded a net inflow of $25.22 million on Friday, June 6. This marks the 15th consecutive day of positive capital inflows, making it the second-longest streak since their inception in July 2024.
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Leading the charge was BlackRock’s iShare Ethereum Trust (ETHA), which contributed $15.86 million of the inflows on Friday. Grayscale’s Ethereum Mini Trust (ETH) was another U.S.-based ETF to see activity, garnering a net inflow of $9.37 million.
This daily influx of $25.22 million increased the total net weekly inflow to over $281 million, marking the fourth uninterrupted week of capital inflows for Ethereum-focused products. The previous week, spanning May 26 to May 30, saw a similar net inflow of $285.84 million.
According to market analytics, the spot Ethereum ETFs in the U.S. have attracted $856.81 million in net inflows over the past four weeks. This positive momentum underscores a shift in investor perception towards Ethereum’s potential.
Reflecting this renewed investor interest, Ethereum’s price has surged by over 15% in the past month. At the time of writing, Ethereum is valued at approximately $2,521, witnessing a more than 1% increase within the last 24 hours. CoinGecko data reveals a slight 0.8% decline in the altcoin’s value over the past week.
Bitcoin ETFs See a Slowdown in Inflows
In contrast, U.S.-based spot Bitcoin ETFs experienced a mixed performance of inflows and outflows, ending a previous positive streak on Friday, May 29. According to SoSoValue, Bitcoin ETFs recorded a net outflow of $128.81 million last week, with $47.82 million withdrawn on Friday, closing the trading week on a downbeat note.
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