As of June 23, total inflows into US spot Ethereum ETFs crossed $4 billion. This growth was noticeable only 11 months after their launch.
Surge in Ethereum ETF Inflows
The first billion dollars in net inflows was accumulated over 216 trading days by May 30. However, the next billion was added within just 15 sessions, which accounted for only 6.5% of total trading days but represented 25% of total inflows, indicating a significant market shift.
Importance of Fee Structure for the Market
Ethereum ETFs with lower management fees continued to attract steady institutional and retail interest. Both ETHA and FETH charged only 0.25%, significantly lower than Grayscale's 2.5% fee. This made them more appealing to cost-conscious investors.
Impact of IRS Clarity on Demand
Daily inflow data illustrated a shift in sentiment towards Ethereum ETFs. Between May 30 and June 23, five separate sessions recorded inflows exceeding $100 million. On June 11 alone, ETHA attracted over $160 million in new capital. These changes also showed a migration of investors toward lower-cost funds.
As of June 23, spot Ethereum ETFs reached a significant milestone, securing $4.01 billion in cumulative net inflows. The rapid $1 billion gain over 15 trading days suggests rising investor interest.
