U.S. Spot Ethereum ETFs Log $225.8M Inflow Thursday, Biggest Since Oct. 28, 2025

Funds are moving back into U.S. spot Ethereum ETFs. CoinMarketCap data shows the category posted a net inflow of $225.8 million on Thursday, the largest single-day addition since October 28, 2025. The result extended the run of consecutive net inflows to nine trading days, with $1.42 billion added over that span. Since August 17, U.S. spot Ethereum ETFs have taken in a cumulative $1.42 billion, according to Farside Investors. The most recent net outflow was recorded on August 11, while August 14 saw flat flows with zero inflow and zero outflow. BlackRock's ETHA has been the main beneficiary in the latest allocation wave. Over the nine trading days, ETHA drew $1.02 billion in net inflows—about 72% of the total across the group—and posted net buying on each of the nine days. Onchain analytics firm Arkham also reported ETHA attracted $889.8 million across the first eight trading days, in line with Farside's figures. Key flow figures: - Thursday net inflow (U.S. spot Ethereum ETFs): $225.8 million - Total over 9 trading days: $1.42 billion - ETHA inflow over the same period: $1.02 billion The gap versus Bitcoin ETFs has narrowed. On Thursday, U.S. spot Bitcoin ETFs recorded net inflows of $242.3 million, only $16.5 million more than Ethereum ETFs. On August 17—the first day of the current synchronized inflow stretch—Ethereum ETFs drew roughly one-tenth of the amount that went into Bitcoin ETFs. Beyond ETHA, Fidelity's FETH was another major contributor, posting a $56.2 million net inflow on Thursday—its best single-day showing during the recent rebound in flows. BlackRock's staked Ethereum product, ETHB, also added $20.7 million on the day. Bitwise Europe Senior Researcher Max Shannon said the buying pressure likely reflects demand from outside the crypto market, linking this week's inflows to rising risk appetite in traditional markets. He estimates Ethereum ETFs have taken in $713.6 million so far this week, consistent with Farside data. Even so, Shannon noted Ethereum has recently underperformed Bitcoin and several major tokens. He added that some capital has rotated into higher-volatility names, including ZEC, XRP, SOL and HYPE, suggesting a more fragmented trading focus than in prior periods. CoinGecko data shows Ethereum closed around $2,477 on Friday, down 0.5% over the past 24 hours but up about 5% over the past week. Shannon also said Ethereum is trading near its 200-week moving average, returning to that level for the first time since it broke below it in January. He cautioned that if spot trading volume fails to keep expanding, the durability of a rally driven mainly by ETF inflows remains uncertain.