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Spot Ethereum ETFs extended their bullish momentum on Tuesday with $533.87 million in net inflows, marking the 13th straight trading day of institutional accumulation. The ongoing streak has now driven over $4 billion in net inflows since July 2, according to data from SoSoValue.
The cumulative all-time inflow into spot Ether ETFs has reached $8.32 billion, further signaling robust institutional demand amid growing confidence in Ethereum’s long-term value.
BlackRock and Fidelity Lead Ethereum ETF Demand
BlackRock’s iShares Ethereum Trust (ETHA) led Tuesday’s inflows with $426.22 million, boosting its total assets under management to over $10 billion—making it the dominant player in the Ether ETF market. Fidelity’s FETH followed with $35 million in new capital.
According to Kronos Research CIO Vincent Liu, the rally is being driven by falling Bitcoin dominance and a growing appetite among institutions for ETH exposure. “As liquidity deepens and macro conditions hold, this demand trend is likely to endure,” Liu said.
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Ethereum ETPs Still Undervalued Relative to Bitcoin
Despite the inflow surge, Ethereum ETPs remain underweight compared to Bitcoin. As Bitwise CIO Matt Hougan pointed out, ETH’s market cap is 19% of BTC’s, but Ethereum ETPs account for less than 12% of the assets under management compared to Bitcoin equivalents.
Hougan projected that total ETH demand from both ETPs and corporate treasuries could hit $20 billion over the next year, equivalent to 5.33 million ETH at current prices—seven times more than the estimated 0.8 million ETH new issuance.
“In the short term, the price of everything is set by supply and demand… and for the time being, there is significantly more demand for ETH than there is new supply,” Hougan added.
Bitcoin ETFs See Net Outflows Amid ETH Accumulation
While Ethereum ETFs are gaining momentum, spot Bitcoin ETFs recorded a $67.93 million net outflow on the same day. Bitwise’s BITB and Ark Invest’s ARKB led the declines, with outflows of $42.27 million and $33.18 million, respectively.
Meanwhile, Lookonchain reported that five new wallets withdrew nearly 77,000 ETH ($285 million) from Kraken, reinforcing the trend of long-term accumulation and shrinking exchange supply.
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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