Spot Ethereum (ETH) exchange-traded funds (ETFs) listed in the United States have surpassed $4 billion in cumulative net inflows as of June 23, 2025, marking a major milestone less than a year since their launch. These products debuted on July 23, 2024, and initially took 216 trading sessions to gather $3 billion by May 30. The final $1 billion was added rapidly—in just 15 sessions—pushing total inflows to $4.01 billion.
Though those 15 trading days represent just 6.5% of the ETF’s trading history, they account for 25% of all capital committed thus far. This recent momentum signals accelerating investor confidence in Ethereum exposure through regulated vehicles.
BlackRock’s iShares Ethereum Trust (ETHA) continues to dominate the market, with $5.31 billion in gross inflows. Fidelity’s FETH has attracted $1.65 billion, while Bitwise’s ETHW contributed $346 million. In contrast, Grayscale’s legacy Ethereum Trust (ETHE)—converted into an ETF at launch—has seen $4.28 billion in outflows over the same period.
Notably, ETHA alone absorbed more than $160 million on June 11, and five separate days between May 30 and June 23 recorded over $100 million in inflows.
ETHA and FETH’s 0.25% management fees—well below ETHE’s 2.5%—are seen as key factors behind their popularity.
The report also cites three major drivers behind June’s surge in flows:
The upcoming Form 13F filing deadline in mid-July will offer more insight into whether institutional asset managers increased their exposure during the late-spring rally. As of March 31, institutional investors accounted for less than one-third of total Ethereum ETF holdings, leaving ample room for future adoption.
With stronger fundamentals, favorable fee structures, and growing regulatory clarity, Ethereum ETFs are increasingly positioned as a core component of diversified crypto portfolios—especially as capital continues flowing in at a record pace.
June 2025, Cryptoniteuae