In a notable turn of events, Ethereum spot ETFs experienced considerable bullish momentum during the third week of September, with net inflows totaling $556.92 million, according to data from SoSoValue. While this figure is somewhat lower than the $637.79 million recorded during the second week, it indicates a persistent investor enthusiasm for Ethereum through regulated institutional avenues. September started on a shaky note with a significant $787.74 million in net outflows during the first week, but has since rebounded, amassing a cumulative net deposit of $406.97 million for the month.
BlackRock’s iShares Ethereum Trust (ETHA) has emerged as the frontrunner in these movements, contributing a staggering $513.01 million in net inflows, which accounts for over 92% of the total inflows into Ethereum ETFs. With these gains, BlackRock’s ETHA now boasts cumulative inflows of $13.40 billion and net assets under management (AUM) amounting to $17.09 billion, solidifying its status as the market leader.
Other funds in the market have not fared as well, with Grayscale’s Ethereum Mini Trust (ETH) trailing behind with net inflows of only $17.99 million. Fidelity’s Ethereum fund (FETH) saw $15.18 million in inflows, while Grayscale’s legacy ETHE trust garnered $13.60 million. Bitwise’s ETHW managed to attract $7.52 million, but not all funds in the sector shared in this positive trend. VanEck’s ETHV saw losses amounting to $8.16 million, and Invesco’s QETH experienced minor outflows of $1.73 million, revealing a stark contrast in performance within the sector.
Currently, total net assets across all Ethereum ETFs stand at $29.64 billion, with a cumulative inflow of $13.29 billion. These figures showcase that despite market volatility and mixed results among smaller ETFs, institutional demand for Ethereum appears resilient. Given its substantial share of inflows, BlackRock’s ETHA is likely to remain a critical indicator of the sector’s health. If this trend continues, these inflows could play a key role in bolstering Ethereum’s institutional adoption as it moves toward 2026.
On a parallel note, the Bitcoin ETF market has also shown remarkable growth, recording net inflows of $886.65 million during the same week, bringing the monthly total to $3.48 billion. BlackRock’s iShares Bitcoin Trust (IBIT) again led this market segment, achieving $866.84 million in total inflows. The overall net assets across all Bitcoin ETFs have now reached $152.31 billion, comprising 6.63% of Bitcoin’s total market capitalization. Cumulative inflows for Bitcoin ETFs have climbed to $57.72 billion, reflecting a robust investor interest in the cryptocurrency market.
As Ethereum trades around $4,477, the current sentiment in the market suggests that institutional enthusiasm for both Ethereum and Bitcoin is likely to continue shaping the landscape of cryptocurrency investments.
