From June 2 to June 20, 2025, Ethereum ETFs showed mixed activity, reflecting different investor sentiments regarding Ethereum. Data from major funds indicated strong inflows into BlackRock's and Fidelity's funds, contrasted by significant outflows from Grayscale.
Growth of Inflows in BlackRock and Fidelity
BlackRock's ETHA fund attracted the largest net inflows during the period, accumulating a total of 5,283.8 units and averaging daily inflows of 23.1 units. This confirms sustained investor interest in BlackRock’s product. Fidelity’s FETH also experienced significant inflows totaling 1,593.8 units, with an average daily gain of 7.0 units. Other ETFs, such as Bitwise ETHW and 21Shares CETH, demonstrated consistent demand as well.
Outflows from Grayscale ETHE
In contrast to growth in other funds, Grayscale's ETHE product faced significant outflows, with a total net outflow of -4,285.4 units and an average daily withdrawal of 18.7 units. This may indicate a shift toward newer or more competitive Ethereum ETF options. Nevertheless, Grayscale's ETH product recorded modest inflows totaling 748.7 units.
Daily Flow Volatility
The instability of daily net flows indicates fluctuations in investor behavior. The largest combined inflows were recorded on June 11, at 240.3 units, while June 20 resulted in an overall net outflow day, with BlackRock’s ETHA leading with 19.7 units. Outflows from Grayscale ETHE may suggest competitive pressures or concerns regarding the funds' performance.
The situation with Ethereum ETFs highlights different investor preferences and competition in the market. The sustained interest in BlackRock and Fidelity funds contrasts with serious outflows from Grayscale, which may impact asset management strategies in the future.
