U.S. spot Ethereum exchange-traded funds recorded $639.6 million in net inflows on Thursday, marking the eighth consecutive day of positive flows. The latest figure follows Monday’s record-setting $1.02 billion inflow, the largest single-day inflow since these products launched.
BlackRock’s iShares Ethereum Trust (ETHA) led Thursday’s activity, attracting $519.7 million, according to SoSoValue data. The Grayscale Ethereum Mini Trust followed with $60.7 million, while Fidelity’s Fidelity Ethereum Fund (FETH) saw $56.9 million. Invesco’s spot Ethereum ETF also reported smaller, but positive, inflows.
The recent surge has pushed cumulative inflows for U.S. spot Ether ETFs to $3.71 billion over the past eight trading sessions. The sustained demand has come amid renewed optimism in the cryptocurrency market, with Ethereum trading close to its all-time highs earlier this week.
As of 1:50 a.m. ET Friday, Ethereum was priced at $4,612, down 2.6% over the past 24 hours but still up 18.6% over the week. The rally prompted Standard Chartered to raise its year-end price target for ETH to $7,500, nearly doubling its previous forecast of $4,000.
Bitcoin ETF products also saw increased activity. U.S. spot Bitcoin ETFs recorded $230.9 million in net inflows on Thursday, more than double Wednesday’s $86.9 million.
ETF inflows remain one of the most closely watched indicators in the digital asset market. Analysts say sustained multi-day streaks in capital inflows often reflect institutional participation and longer-term investment positioning, particularly when combined with strong spot market performance.
