ETH ETFs have recorded inflows five times above average this week, on track for their best week since December 2024.
Ethereum (ETH) spot exchange-traded funds (ETFs) are having their best week since December 2024 after attracting over $530 million in inflows over the past week.
This is five times higher than their recent weekly average, on-chain analytics firm Glassnode shared on X. The biggest single-day inflow this month came on June 11, when 77,000 ETH (about $195 million) flowed into these products.
Just yesterday, spot ETH ETFs recorded $112.36 million in inflows, with BlackRock’s iShares Ethereum Trust (ETHA) accounting for nearly $102 million of that total, according to SoSoValue data. ETHA’s net assets currently stand at $4.5 billion.
Meanwhile, BTC ETFs showed slower momentum this past week, with total inflows reaching $1.07 billion. Glassnode noted that this is “modestly above average but far below May peaks.”
“ETH ETFs outperforming BTC ETFs stems from substantial inflows from asset managers and prospective ETF issuers, signaling growing confidence in Ethereum’s unique position as a yield-generating asset,” Amir Forouzani, co-founder of Puffer Labs, told The Defiant.
Forouzani emphasized that, unlike Bitcoin, Ethereum is programmable, which in turn offers access to a larger ecosystem of decentralized applications (dApps), staking rewards and smart contracts.
“As staking becomes more mainstream, institutional investors appear more willing to allocate to ETH-based products, in the hopes of utility-driven growth and consistent on-chain returns,” he said.
Earlier this week, ETH staking reached an all-time high with over 34.6 million ETH (worth nearly $90 billion) now locked into Ethereum’s Proof-of-Stake (PoS) system. That represents nearly 28% of ETH’s current 120.72 million supply.
Danny Gazit, CEO of Hype, noted that renewed bullish sentiment around ETH may also be fueled by strong recent price action and speculation that the U.S. could soon approve a staked ETH ETF.
He also pointed to growing public support from political figures like President Donald Trump, which could be helping to fuel interest in the asset. “World Liberty and Trump and others have been pretty publicly buying ETH,” he said.
Currently, ETH is trading at $2,531, while BTC is changing hands at $105,200, according to The Defiant’s price page.
