Ethereum ETFs break the $4 billion barrier

Things are speeding up: in just 15 days there has been as much as $1 billion in net inflows into Ethereum ETFs.

It’s suddenly moving at breakneck speed: in just 15 days there has been no less than $1 billion in net inflows into Ethereum ETFs. That brings the total amount of capital flowing into Ether via these investment products to more than $4 billion, as the data from Farside shows, according to data from Farside.

Since the start of this week alone, another $170 million has come in. As so often, BlackRock led the charge: their ETF, ETHA, posted inflows of about $120 million. Fidelity’s FETH follows in a solid second place.

The market shares are clear by now: since Ethereum ETFs began trading in July 2024, BlackRock has generated $5.4 billion in inflows. Fidelity totals $1.6 billion.

Still, the numbers could be brighter — if it weren’t for sizable outflows at Grayscale. Their Ethereum Trust (ETHE) has shrunk to $4.2 billion.

Notably, the growth of the Ethereum ETF market has recently accelerated dramatically. It took 216 trading days to take in the first $3 billion, but the last billion came in a little over two weeks. A quarter of total net inflows was thus realized in record time.

Even more striking given Ether’s current price action. The second-largest crypto has fallen 15% in the last two weeks. Yet this correction could actually help explain the inflows.