- Ethereum ETFs attracted $78.17 million in inflows on June 2, driven by BlackRock and Fidelity’s offerings amid growing institutional demand.
- Cumulative net inflows into Ethereum ETFs have surpassed $3.12 billion, with BlackRock’s ETHA leading in total assets under management.
- Bitcoin ETFs saw $267.52 million in outflows on the same day, continuing a trend of declining investor interest in BTC-based funds.
Ethereum-based exchange-traded funds (ETFs) recorded a combined daily inflow of $78.17 million on June 2, marking the 11th consecutive day of capital inflows into the funds. According to data from SoSo Value, the significant increase came mainly from BlackRock and Fidelity’s Ethereum offerings.
BlackRock’s iShares Ethereum Trust ETF (ETHA) drew the largest portion of funds on the day, registering $48.40 million in net inflows. Fidelity’s Ethereum Fund (FETH) followed, attracting $29.78 million. These two ETFs were the only ones to report inflows for Ethereum-related products on June 2, underscoring growing institutional confidence in the asset.
Cumulative inflows cross $3.1 billion as institutional interest builds
The strong demand has pushed cumulative net inflows for Ethereum ETFs to $3.12 billion since their inception. BlackRock’s ETHA leads the group with $3.64 billion in total assets under management. Grayscale’s ETHE ranks next with $2.88 billion in net assets, followed by its ETH fund at $1.27 billion, Fidelity’s FETH at $1.13 billion, and Bitwise’s ETHW with $245.99 million.
While Ethereum ETFs continue attracting investor capital, Bitcoin ETFs recorded outflows for the third consecutive day. On June 2, Bitcoin ETFs collectively lost $267.52 million. BlackRock’s iShares Bitcoin Trust ETF (IBIT) saw the highest single-day outflow at $130.44 million, despite maintaining $68.83 billion in net assets.
Fidelity’s FBTC experienced a $50.11 million outflow, while Grayscale’s GBTC and Ark Invest’s ARKB posted $16.47 million and $73.91 million in outflows, respectively. Bitwise’s BITB was the only Bitcoin ETF to buck the trend, posting a modest inflow of $3.41 million.
