Ethereum’s spot exchange-traded funds are seeing renewed demand, and the pattern is becoming clear: investors are adding Ethereum exposure through regulated products, but this does not yet look like a broad-based rush into altcoins. Over the first 3 trading days of the week ending July 16, spot ether ETFs in the U.S. took in $96 million of net inflows, with most of that flow concentrated in BlackRock’s product.
In a single July 20 session, ether ETFs added another $38 million, again led by BlackRock’s fund. And on a third straight day of inflows, BlackRock’s ETHA brought in $52.79 million while Fidelity’s FETH posted $15.32 million of outflows. Even within the Ethereum ETF category, demand appears selective.
This stands in contrast to earlier in the year, when the category lost momentum. After $187 million of weekly inflows in the period ending April 10, ether ETFs then went through 3 straight weeks of outflows totaling about $308 million. That makes the recent rebound notable, but still concentrated. The next checkpoint is whether these inflows broaden beyond BlackRock’s product and whether they persist beyond a short recovery.