In recent weeks, Ethereum ETFs have displayed positive net inflows, indicating increasing interest from institutional investors.
Flow Dynamics in Ethereum ETFs
Ethereum ETFs have continued to show positive net fund flows for eight consecutive weeks, adding 61,000 ETH this week alone. A report by Lookonchain highlighted a record daily inflow of 24,968 ETH into Fidelity's fund, equivalent to $63.32 million.
Fidelity and Other Fund Results
According to reports, Fidelity added 24,968 ETH in a single day, bringing its total assets to 523,594 ETH, or approximately $1.33 billion. Currently, nine Ethereum ETFs collectively hold 4.18 million ETH, valued at over $10.6 billion. The Grayscale Ethereum Trust remains the largest fund, managing 1,131,362 ETH, though it reported no new inflows during this period.
Correlation Between Price and ETF Demand
Data from Glassnode shows that flows into ETFs align with ETH price stability. After falling to $1,600 in March and mid-April, both ETF flows and prices have gradually risen, with inflows peaking at 86,209 ETH during one week in June.
The growing interest in Ethereum ETFs highlights the recovering confidence among investors. The dynamics of inflows from Fidelity and other funds indicate that Ethereum is regaining focus among institutional investors.
