After breaking the $3 billion mark, the spot Ethereum ETF increased by $1 billion in just 15 trading days.
Source: cryptoslate
Translation: Blockchain Knight
On June 23, the cumulative net inflow of the spot Ethereum ETF listed in the United States surpassed $4 billion, just 11 months after its launch.
These products were launched on July 23, 2024, and after 216 trading days in the U.S., the cumulative net inflow reached $3 billion as of May 30.
After breaking the $3 billion mark, the spot Ethereum ETF increased by $1 billion in just 15 trading days, bringing its lifetime net subscription amount to $4.01 billion as of the market close on June 23.
These 15 trading days account for 6.5% of the 231 days of trading history but represent 25% of all funds invested to date.
BlackRock's iShares Ethereum Trust (ETHA) drove this growth with a total inflow of $5.31 billion, while Fidelity's FETH contributed $1.65 billion, and Bitwise's ETHW added $346 million.
In contrast, Grayscale's traditional ETHE trust (which converted to an ETF upon launch) recorded outflows of $4.28 billion during the same period.
Daily fund flow data illustrates this change: on June 11 alone, ETHA absorbed over $160 million, and during the period from May 30 to June 23, the trust had five trading days with inflows exceeding $100 million.
During the same period, Grayscale's redemption amounts slowed, leading to a significant increase in total fund inflows.
ETHA and FETH charge a management fee of 0.25%, which is in line with the industry median and lower than ETHE's 2.5% rate.
According to a report by CoinShares, lower costs combined with established primary market relationships continue to direct inflows toward BlackRock and Fidelity.
The report, which spoke with brokers representing wealth managers, highlighted three factors driving the surge in June: first, the rebound of ETH prices relative to BTC, coinciding with clearer guidance from the IRS regarding staking income in grantor trust ETFs.
Finally, large-scale rebalancing orders from multi-asset allocators also fueled the influx of funds, as they view Ethereum as an extension of their portfolios rather than a standalone speculative bet.
The next quarterly 13F filing deadline in mid-July will reveal whether professional managers have joined the influx of funds seen in late spring.
As of March 31, these firms accounted for less than 33% of the assets in the spot Ethereum ETF, indicating that even with retail funds concentrated in low-fee instruments, there is still room for broader institutional participation.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
