U.S. Ethereum ETFs have pulled in $1.42 billion over the last 9 straight trading sessions, one of the longest and strongest inflow runs since launch. The streak began on August 17 and picked up another $225.8 million on Thursday, the group’s biggest single-day intake since October 28 of last year.
But the bigger point is where that money went. BlackRock’s iShares Ethereum Trust took in about $1.02 billion of the total, or roughly 72% of the entire 9-day run.
So yes, the streak is real. But it is being driven mostly by one fund, not by broad demand spread evenly across the full Ethereum ETF category. Until more of those flows show up across other issuers, this looks more like a concentrated surge than a category-wide breakout.