Key Takeaways:
- Fidelity led Monday’s spot ETH ETF inflows with $60.5M, outperforming BlackRock’s ETHA.
- Total U.S. Ethereum ETF inflows have surpassed $4B, despite broader market volatility.
- Ethereum’s network growth and institutional interest suggest increasing long-term confidence in ETH.
Fidelity led Monday’s spot Ethereum ETF inflows, securing $60.5 million in fresh capital while acquiring 27,175 ETH from the open market. This pushed net inflows for the Fidelity Ethereum ETF (FETH) to $1.65 billion. Notably, Fidelity’s inflows outperformed BlackRock’s iShares Ether Trust (ETHA), which posted $25.8 million on the same day, according to Farside Investors.
Spot ETH ETFs have now recorded inflows for 25 of the past 30 trading days, accumulating nearly $1.5 billion in new capital, according to analyst Nate Geraci. Since launch, cumulative ETH ETF inflows have surpassed $4 billion — remarkable growth despite the $4.3 billion ETHE unlock event.
Institutional Interest in Ethereum Remains Strong
Ethereum has faced market turbulence in recent weeks due to the Iran-Israel conflict. After rejecting $2,700 earlier in June, ETH dropped to $2,300 before bouncing back with an 8% gain in the past 24 hours.
Ethereum Network Activity on the Rise
On-chain data shows growing network engagement. Weekly new ETH addresses now range from 800,000 to 1 million — up from 560,000–670,000 last summer. This surge in network activity, combined with strong ETF inflows, reflects rising investor confidence amid easing regulatory pressures.
Also Read: Ethereum Whales Accumulate $263M ETH Amid Middle East Tensions — 25% Price Rebound Possible
Yet institutional inflows remain resilient. CoinShares data shows ETH investment products pulled in $124 million in net inflows over the past week — marking nine consecutive weeks of gains. Total inflows now stand at $2.2 billion for the current streak, the strongest run since mid-2021.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
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