ETF Ethereum surpassed 5 billion USD in net inflows after just 12 sessions.

According to data from Farside Investors, Ethereum spot ETF funds have surpassed $5 billion in net inflows as of July 11, just 12 trading sessions after reaching $4 billion.

This growth rate is faster than the previous period, when it took 15 trading sessions to increase from 3 billion to 4 billion USD. Notably, BlackRock's iShares Ethereum Trust (ETHA) contributed significantly to the recent surge.

ETF Ethereum attracts record money | Source: Farside InvestorsBloomberg's senior ETF analyst, Eric Balchunas, stated that ETHA recorded a net inflow of 675 million USD this week, ranking 6th among all ETFs in the US for the week ending July 11.

He noted that this fundraising round is an important milestone, emphasizing that ETHA is "playing alongside the big players" in the market for the first time. This fund even surpassed many traditional stock and bond ETFs, although it is still operating under the shadow of larger Bitcoin products — for instance, BlackRock's Bitcoin ETF (IBIT) has attracted up to 1.7 billion USD during the same period.

It only takes 12 sessions to add 1 billion USD

The Ethereum spot ETFs will launch on July 23, 2024, and reach a cumulative cash flow milestone of 4 billion USD by June 23, 2025, after 231 trading sessions. Meanwhile, the first 3 billion USD took up to 216 sessions.

However, the jump from 4 billion to 5 billion USD only took a little over two weeks, including 5 consecutive sessions with a net capital inflow exceeding 200 million USD.

Daily data shows that ETHA alone attracted 300.9 million USD on July 10, 158.6 million USD on July 9, and 137.1 million USD on July 11.

Other issuers such as Fidelity (FETH) and Bitwise (ETHW) also recorded stable capital flows, while Grayscale's old Ethereum ETF (ETHE) continues to see outflows.

With the recent capital inflow, Ethereum spot ETFs currently account for over 10% of the total inflow into Bitcoin ETFs traded in the U.S.

Han Xin