U.S.-listed spot Ethereum exchange-traded funds (ETFs) pulled in more than $1 billion of net new money on Monday, the largest single-day haul since the products launched in July 2024. This rise of inflows shows renewed institutional demand for Ethereum and helped lift ETH’s price above $4,000.
The inflows were concentrated in the largest ETFs, with BlackRock’s iShares ETHA taking the lion’s share (about $640 million) and Fidelity’s FETH posting its biggest single-day intake (roughly $277 million), according to SoSoValue data. Combined, the fresh buys comfortably eclipsed prior single-day records and capped a persistent run of inflows into spot ETH funds.
Cumulative Takeaways and AUM
Since their July 23, 2024, debut, U.S. spot-ETH ETFs have amassed substantial capital. SoSoValue data shows cumulative net inflows are now roughly $10.8 billion. The total assets across the suite are now approaching $25.7 billion. That scale means ETF flows are an increasingly important source of demand for the underlying market.
The past month has seen a particularly strong run: there were multi-day inflow streaks that have contributed a meaningful portion of the year-to-date totals. The Ethereum price has responded to the flood of institutional buying. Price trackers show ETH trading around $4,295 on Tuesday, up substantially from levels near $3,600–$3,700 earlier in the month, a rapid run that shows both spot ETF demand and broader market momentum.
Analysts and ETF watchers attribute Monday’s record day to a mix of factors: growing institutional comfort with spot ETH funds, headline attention around the first anniversary of the ETFs, and large allocations by big managers who have been ramping exposure. Experts also flagged a concentration of orders into the largest, most liquid ETF vehicles, a dynamic that amplifies headline inflow figures.
Spot ETFs hold the underlying asset, so large, sustained inflows can meaningfully tighten available ETH supply on exchanges and add a structural demand tailwind to price. For portfolio managers and retirement plan sponsors who prefer traditional vehicles over getting crypto directly, ETFs offer an on-ramp, and Monday’s record shows that institutional adoption is far from done.
While the headline is bullish, commentators warn the usual caveats apply: flows can be lumpy, liquidity dynamics differ across ETFs, and macro direction and regulatory noise still move crypto markets faster than traditional assets. If inflows persist, however, the structural effect on ETH supply and market depth could be meaningful over the coming months.
