Source: cryptoslate
Compiled by: Blockchain Knight
On June 23, the cumulative net inflow of the US-listed spot ETH ETF exceeded $4 billion, just 11 months after its listing.
These products were launched on July 23, 2024, and after 216 US trading days, the cumulative net inflow reached $3 billion as of May 30.
After breaking through the $3 billion mark, the spot ETH ETF added $1 billion in just 15 trading days, and its lifetime net subscription amount had risen to $4.01 billion by the close of June 23.
These 15 trading days account for 6.5% of the 231-day trading history, but represent 25% of all funds invested so far.
BlackRock's iShares Ethereum Trust (ETHA) drove this growth with total inflows of $5.31 billion, while Fidelity's FETH contributed $1.65 billion, and Bitwise's ETHW added $346 million.
Meanwhile, Grayscale's traditional ETHE trust (converted to an ETF at launch) recorded outflows of $4.28 billion during the same period.
Daily fund flow data shows this change: on June 11 alone, ETHA absorbed over $160 million in funds, and during the period from May 30 to June 23, the trust had five trading days with inflows exceeding $100 million.
Grayscale's redemption rates slowed during the same period, leading to a significant increase in total fund inflows.
ETHA and FETH charge a 0.25% management fee, in line with the industry median and lower than ETHE's 2.5% rate.
According to a CoinShares report, lower costs and mature primary market relationships continue to drive inflows towards BlackRock and Fidelity.
The report, which spoke with brokers representing wealth managers, highlighted three factors driving the June surge: first, the rebound of ETH price relative to BTC, coinciding with clearer IRS guidance on staking income in grantor trust ETFs.
Finally, large rebalancing orders from multi-asset allocators also drove the surge in fund inflows, who view Ethereum as an extension of their portfolio rather than an independent speculative bet.
The next quarterly 13F filing deadline in mid-July will reveal whether professional managers joined the fund influx at the end of spring.
As of March 31, these companies accounted for less than 33% of spot ETH ETF assets, indicating that there is still room for broader institutional participation even as retail funds concentrate on low-fee instruments.
