Ethereum exchange-traded funds (ETFs) had an amazing week, bringing in over $900 million! This is a new record and their ninth winning week in a row. This happened at the same time Ethereum’s price jumped to over $2,800.
Massive Inflows for Ethereum ETFs
Last week was huge for Ethereum, with prices rising by 16.22%. Ethereum ETFs saw a whopping $907.99 million in new money – the most ever since they launched in July 2024. This beats the previous record of $854.85 million set in early December 2024.
BlackRock’s ETHA ETF was the star, attracting a massive $675 million. It now manages $6.14 billion, or 45.38% of the total assets of all Ethereum ETFs. Other ETFs like Fidelity’s FETH, Grayscale’s ETH and ETHE also saw significant gains. However, some ETFs like Invesco’s QETH continued to struggle.
Overall, spot Ethereum ETFs now have $5.13 billion in total inflows (although BlackRock’s ETHA alone saw $6.47 billion in inflows, offset by withdrawals). Their total net assets are now $13.53 billion, a 24.93% increase from the previous week. That means Ethereum ETFs now represent 3.77% of the total Ethereum market cap. Ethereum is currently trading around $2,964.
The Altcoin ETF Rush
It’s not just Ethereum! Lots of other altcoins are hoping to get their own ETFs approved in the US. Many companies have applied to the SEC for ETFs based on coins like Solana, Dogecoin, XRP, Cardano, and Litecoin. The SEC is expected to make decisions on these applications soon.