Spot Ether ETFs ongoing inflow streak has hit $812.2M inflows

admin03 mins


US-based spot Ether exchange-traded funds (ETFs) have just recorded a third consecutive trading week of inflows. If next week follows suit, the current inflow streak alone may surpass $1 billion in total inflows.

On June 6, spot Ether (ETH) ETFs posted $25.3 million inflows for the trading day, extending the streak to 15 consecutive inflow days, according to Farside data. 

Ether ETF inflow streak brings in a significant amount of net total

The current inflow streak since May 16 has now brought in $837.5 million, roughly 25% of the total $3.32 billion in net inflows since spot Ether ETFs launched in July 2024.

If the pattern continues into the coming week, an additional $162.5 million in inflows would push the streak’s total to $1 billion.

In contrast, spot Bitcoin (BTC) ETFs saw its inflow streak break on May 29, with $346.8 million in outflows. Since then, flows have been volatile, with a mix between inflow and outflow days.

Meanwhile, the spot price of Ether is up 31.23% over the past 30 days, trading at $2,490 at the time of publication, according to CoinMarketCap data.

Cryptocurrencies, Ethereum ETF, ETF
Ether is trading at $2,490 at the time of publication. Source: CoinMarketCap

Cointelegraph recently reported that a multi-year gold fractal is making a strong case for an Ether price rally toward $6,000 in the coming months.

Technical analyst Crypto Eagles said on June 3 that Ether appears to be repeating in the current 2024–2025 cycle, potentially setting the stage for a new all-time high.

Ether’s current all-time high of $4,878 was reached in November 2021, according to CoinGecko data.

Related: Ether poised for ‘significant breakout’ as ETH price strengthens vs BTC

Some industry commentators believe that adding staking to spot Ether ETFs is necessary for a stronger performance in the long run.

On May 31, Cointelegraph reported that the first Ethereum and Solana staking ETFs could debut in the United States within weeks following a recent filing by ETF provider REX Shares. 

ETF analyst James Seyffart said that, while the launch date is still unknown, the firm used “regulatory workarounds to get these products to market.”

Magazine: Baby boomers worth $79T are finally getting on board with Bitcoin