- Spot Ethereum ETFs see 15 straight days of net inflows, totaling $837.5M since May 16 amid Pectra Upgrade effects.
- BlackRock’s ETHA leads recent Ethereum ETF inflows ($600M), but Grayscale holds larger total assets; Fidelity trails significantly.
Ethereum spot ETFs have seen inflows for fifteen straight trading days, adding $837.5 million since May 16. These funds now hold $3.33 billion in total assets. The inflows began shortly after the Ethereum network’s Pectra Upgrade, which took effect in early May. That update boosted daily use of EIP-7702 transactions to nearly 1,000 and improved wallet functions without requiring new addresses.
Moreover, these recent additions account for roughly one-quarter of all net money flowing into Ethereum ETFs since their launch in May 2024. In turn, this run marks the longest streak of continuous inflows for any Ether fund.
In comparison, Bitcoin ETFs have seen outflows. On May 29, spot Bitcoin funds lost $346.8 million in a single day. Since then, they have shed over $1 billion, falling from $45.34 billion on May 28 to $44.24 billion by early June.
BlackRock’s ETHA led Ethereum ETF inflows over the past fifteen days, attracting about $600 million. However, Grayscale’s ETHE and ETH funds manage more overall. Grayscale holds $4.09 billion, while ETHA stands at roughly $3.33 billion.
Fidelity’s fund trails at $1.09 billion. Other spot Ether ETFs each manage under $250 million. As a result, Grayscale still ranks first by assets under management, even as ETHA outpaces its peers in recent inflows.
In addition, institutional demand for Ethereum remains strong, despite a 7 percent drop in ETH’s price to around $2,400. On June 5, U.S.-listed Ether ETFs drew $11.26 million. Conversely, Bitcoin ETFs saw $278.44 million of outflows.
📈 As crypto markets attempt to rally at the end of the work week, crypto networks continue to grow over time. Here are the total amount of holders for select top caps:
🪙 Ethereum $ETH: 148.38M Holders
🪙 Bitcoin $BTC: 55.39M Holders
🪙 Dogecoin $DOGE: 7.97M Holders
🪙 Tether… pic.twitter.com/wKBXHV0BrF— Santiment (@santimentfeed) June 6, 2025
Furthermore, on-chain indicators, such as the Seller Exhaustion Constant, suggest that bearish pressure may be waning. Therefore, some analysts believe that Ether could rebound if current trends persist.
The prospect of staking-enabled ETFs could draw fresh inflows, as institutional investors seek yield alongside price gains. In fact, data show that unique Ethereum addresses now exceed 148 million, compared with Bitcoin’s 55.39 million.
“Neither the number of daily transactions nor the number of active addresses saw a material increase post recent upgrades,” JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in the recent report.
Other digital currencies, such as Dogecoin, XRP, and Cardano, hold between 4 million and 8 million addresses. Consequently, Ethereum’s user base remains large and active.
Nevertheless, whether the current pace of ETF inflows persists depends on market conditions. If Ether maintains support near $2,300 and staking options become available, these funds might attract more capital. On the other hand, if broader crypto markets face renewed selling, inflows could slow.
