Ethereum ETFs pull in $524M in a day as inflows outpace Bitcoin eightfold
US-listed spot Ethereum exchange-traded funds (ETFs) attracted $523.9 million in net inflows on Aug. 12, extending their inflow streak to six days.
According to SoSo Value data, this is almost eight times the $66.32 million registered by their spot Bitcoin counterparts on the day.
BlackRock’s ETHA led the charge, pulling in $318.67 million. Fidelity’s FETH followed with $144.9 million. Grayscale’s two Ethereum Trust products together added over $54 million, while 21Shares’ CETH and VanEck’s ETHV each saw more than $6 million in new investments.
The surge came just one day after Ethereum ETFs set a single-day record with over $1 billion inflows on Aug. 11.
NovaDius Wealth president Nate Geraci noted that these consecutive gains bring total ETH ETF inflows to $2.3 billion over the last five trading days. Since early July, spot Ethereum funds have taken in about $1.5 billion more than their Bitcoin equivalents.
Strategic ETH Reserve data shows that spot ETH ETFs now hold more than six million ETH, roughly $29 billion in assets under management, representing over 5% of Ethereum’s total market capitalization.
Meanwhile, the strong inflow momentum has coincided with a sharp rally in the digital asset’s price. According to CryptoSlate’s data, ETH gained over 7% in the last 24 hours to reach $4,623 as of press time.
The post Ethereum ETFs pull in $524M in a day as inflows outpace Bitcoin eightfold appeared first on CryptoSlate.
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