Well, if you ever thought the world of finance was a dull place, think again, my friend. The US spot Ethereum ETFs have just had themselves a jolly good week, raking in over $900 million in inflows. That’s right, folks, it’s been nine straight weeks of wins, and Ethereum (ETH) prices have soared to over $2,800. 🚀
Ethereum ETFs Hit Highest Weekly Netflows
Now, let’s get to the nitty-gritty. In the past week, Ethereum has seen a 16.22% gain, which is no small feat. According to the folks over at SoSoValue, the Ethereum ETFs have seen net deposits of $907.99 million, marking their largest weekly inflows since they first hit the scene in July 2024. Before this, the record was $854.85, set back in December 2024 during the crypto bull run. 🏆
Of this impressive haul, BlackRock’s ETHA has taken the lion’s share, pulling in a whopping $675 million. This makes ETHA the undisputed king of the hill, with $6.14 billion in assets under management, accounting for 45.38% of the total net assets of spot Ethereum ETFs. 🏆🏆
But it’s not just BlackRock having a field day. Fidelity’s FETH and Grayscale’s ETH and ETHE have also seen significant inflows, raking in $87.04 million, $73.53 million, and $36.64 million, respectively. Bitwise’s ETHW, VanEck’s ETHV, 21 Shares’ CEZT, and Franklin Templeton’s EZET have all seen modest inflows ranging from $5 million to $16 million. 🎉
However, not everyone is riding the high horse. Invesco’s QETH has had another week of negative netflows, continuing its rather epileptic performance. Despite this, the cumulative inflows of spot Ethereum ETFs now stand at $5.13 billion, though ETHA’s singular inflows of $6.47 billion have been offset by significant withdrawals valued at $4.26 billion from the Grayscale ETHA. 🤷♂️
The total net assets of these ETFs are now valued at $13.53 billion, a 24.93% increase from the previous week. Interestingly, these ETFs now account for 3.77% of the total Ethereum market cap. Meanwhile, Ethereum is trading at $2,964, down 0.11% in the past day. 📉
Altcoins ETF Race Underway
But wait, there’s more! It seems the altcoin ETF race is heating up. Asset managers are lining up like kids on Christmas morning, submitting a host of altcoin-affiliated ETF applications to the US Securities and Exchange Commission (SEC). They’re hoping to replicate the success of the Ethereum and Bitcoin ETFs, drawing in a hefty dose of institutional interest. 🏃♂️💨
Currently, there are over 70 crypto ETF filings, looking to give investors access to a who’s who of cryptocurrencies, including Solana, Dogecoin, XRP, Cardano, and Litecoin. The SEC, being the merry pranksters they are, will likely keep us all guessing with delays until the final deadline, which rolls around in October. 🕵️♂️
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2025-07-13 15:43