The US trading spot, Ethereum ETF, has raised a total of $5.38 billion in capital, combining its previous record winning streak with a 19th consecutive day of net inflows.
Ethereum ETF broke record highs with $5.4 billion inflows, reaching nearly 5% of total ETH supply
Previously, only $1.37 billion inflows were inflowing over the 19-day period from May 16th to June 12th. The latest inflow began on July 3rd, reaching an average of $282.9 million per day.
However, there was a net inflow of just $5.8 million on Wednesday, with the series’ lowest daily growth. These influxes continue on Thursday, with all eyes whether they will set new records.
BlackRock’s ETHA fund led daily inflows at $20 million. Grayscale’s Ethe fund added $7.8 million. However, Fidelity’s Feth Fund saw a $202.3 million spill. No other funds saw the inflow.
ETHA accounted for 78% of the total, earning an inflow of $4.19 billion over 19 days. Fidelity’s Feth Fund saw an inflow of $591.7 million, while Grayscale’s Mini ETH product saw a $451 million.
Other contributions came from Bitwise ETFW (94.3M), Vaneck Ethv (25.6m), Franklin Templeton Ezet (18.8M), Invesco Qeth (3.7m), and 21-season Ceth (3.4m). Grayscale’s High-Fee Ethe fund alone has seen a $6.5 million outflow, bringing it to about $9.7 billion from the exit in July 2024.
Ethereum ETF currently holds around 5.7 million ETH, or 4.7% of its total supply, at 107 million. Etha alone manages ETH of over 3 million people, or $11.6 billion in assets with 2.5% of total supply.
Meanwhile, the US spot Bitcoin ETF closed for the fifth consecutive day on Wednesday with a net inflow of $47.1 million, bringing its total inflow to $55.4 billion since the start of 2024.
*This is not investment advice.