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Spot Ethereum ETFs post 14-day inflow run, lifting year-to-date haul above $3 billion
Ethereum (ETH) exchange-traded funds (ETFs) have just recorded a remarkable 14-session streak of net inflows, fueled by investment advisors and hedge fund managers. According to Bloomberg data shared by ETF Store CEO Nate Geraci, Ethereum ETFs since May 20 added roughly $812 million in fresh capital, resulting in a staggering total of over $3 billion in year-to-date haul.
The unprecedented uptrend began on May 16 when ETH’s price got stuck between $2,650 and $2,500. Notably, May 23 witnessed the second-largest influx with approximately $123 million, driven by Fidelity’s Wise Origin Ether Fund (FETH). FETH is the second-biggest Ethereum ETF in terms of cumulative net inflows, trailing closely behind BlackRock’s iShares Ethereum Trust ETF (ETHA), which has captured roughly $1.5 billion.
In a surprising turn of events, Grayscale’s ETHE registered nearly negative $4.3 billion in cumulative net flows, however, its Ethereum Mini Trust surpassed the $688 million mark.
While hedge fund managers collectively hold around $244.7 million worth of shares based on 13-F filings for the first quarter, investment advisors account for the largest share of declared spot Ethereum ETF exposure, holding approximately $582.4 million in combined assets.
It is crucial to note that institutional investors reported a collective $1 billion in exposure, surpassing all categories.
Source: cryptoslate.com
