Spot Ether ETFs See $837.5M Inflows in 15-Day Streak: What’s Driving the Demand?
US-based spot Ether exchange-traded funds (ETFs) have just recorded a third consecutive trading week of inflows. If next week follows suit, the current inflow streak alone may surpass $1 billion in total inflows.
On June 6, spot Ether (ETH) ETFs posted $25.3 million inflows for the trading day, extending the streak to 15 consecutive inflow days, according to Farside data.
Ether ETF Inflow Streak Brings in a Significant Amount of Net Total
The current inflow streak since May 16 has now brought in $837.5 million, roughly 25% of the total $3.32 billion in net inflows since spot Ether ETFs launched in July 2024.
If the pattern continues into the coming week, an additional $162.5 million in inflows would push the streak’s total to $1 billion.
In contrast, spot Bitcoin (BTC) ETFs saw its inflow streak break on May 29, with $346.8 million in outflows. Since then, flows have been volatile, with a mix between inflow and outflow days.
Meanwhile, the spot price of Ether is up 31.23% over the past 30 days, trading at $2,490 at the time of publication, according to CoinMarketCap data.
Cointelegraph recently reported that a multi-year gold fractal is making a strong case for an Ether price rally toward $6,000 in the coming months.
Technical analyst Crypto Eagles said on June 3 that Ether appears to be repeating in the current 2024–2025 cycle, potentially setting the stage for a new all-time high.
Ether’s current all-time high of $4,878 was reached in November 2021, according to CoinGecko data.
Related: Ether poised for ‘significant breakout’ as ETH price strengthens vs BTC
Some industry commentators believe that adding staking to spot Ether ETFs is necessary for a stronger performance in the long run.
On May 31, Cointelegraph reported that the first Ethereum and Solana staking ETFs could debut in the United States within weeks following a recent filing by ETF provider REX Shares.
ETF analyst James Seyffart said that, while the launch date is still unknown, the firm used “regulatory workarounds to get these products to market.”
Quick Summary of the News:
- Spot Ether ETFs have seen 15 consecutive days of inflows.
- The total inflow during this streak amounts to $837.5 million.
- This represents approximately 25% of the total net inflows since the ETFs launched.
- Bitcoin ETFs, in contrast, have experienced more volatile flows recently.
- Ether’s price has increased by over 30% in the last month.
Why It Matters:
The sustained inflows into spot Ether ETFs signal growing institutional and retail investor confidence in Ethereum. This positive sentiment can further drive up the price of ETH and legitimize it as a mainstream investment asset. The ETF inflows provide a constant source of buying pressure, which can help to stabilize and elevate the market. Furthermore, the comparison to Bitcoin ETF flows highlights that Ether is currently enjoying stronger positive momentum.
Market Impact:
The continued inflows into Ether ETFs could signal a decoupling of ETH from BTC, allowing Ether to establish its own independent price trajectory. This is further supported by the potential introduction of staking Ether ETFs, which would attract investors seeking passive income from their ETH holdings.
Expert Take & Personal Insight:
The current trend is highly encouraging for Ethereum. The consistent inflows into ETFs suggest a strong belief in its long-term value proposition. While Bitcoin remains the dominant cryptocurrency, Ethereum’s growing ecosystem, coupled with the potential for staking rewards, makes it an increasingly attractive investment. I predict that if the inflows continue at this rate, we will see ETH retesting its all-time highs by the end of the year, especially if staking ETFs are approved.
Actionable Insight:
Traders and investors should:
- Monitor daily ETF flow data to gauge market sentiment.
- Pay attention to regulatory developments regarding staking Ether ETFs.
- Consider accumulating ETH on dips, as the ETF inflows provide a strong support level.
- Stay informed about Ethereum’s ongoing development and upgrades, such as the continued rollout of sharding, which will further improve scalability.
Conclusion:
The strong inflows into spot Ether ETFs represent a significant vote of confidence in Ethereum’s future. As the ecosystem continues to evolve and regulatory clarity improves, we can expect to see further institutional and retail adoption, potentially driving ETH to new heights.