Ethereum exchange-traded funds (ETFs) listed in the US maintained their upward trend on August 27, attracting $307.2 million in new investments.
Data from SoSo Value indicates that BlackRock’s ETHA was the primary driver, bringing in $262.23 million, which accounts for nearly 85% of the day’s total inflows.
Fidelity’s FETH and Grayscale’s ETH contributed $20.52 million and $15.05 million, respectively, while Grayscale’s ETHE and VanEck’s VETH added smaller amounts of $5.65 million and $3.35 million.
This inflow marks the fifth consecutive day of gains for the nine products. Over this five-day period, spot Ethereum ETFs have gathered around $1.83 billion in investments, highlighting the strong institutional demand for the asset.
Nate Geraci, president of advisory firm NovaDius Wealth, commented on this trend, stating:
“[Ethereum ETFs have attracted] $4 billion in August. Approaching $10 billion since the beginning of July.”
With these new investments, Ethereum ETFs now manage $30.17 billion in net assets, supported by $13.64 billion in cumulative net inflows since their launch in 2024.
Bitcoin ETFs lag behind Ethereum counterparts
While Ethereum products lead in inflow numbers, spot Bitcoin ETFs also saw gains, garnering $81.3 million on the same day, marking their third consecutive session of inflows.
According to the data, BlackRock’s IBIT led this segment with $50.73 million, followed by Fidelity’s FBTC with $14.65 million.
Other funds, like Invesco’s BTCO and Franklin’s EZBC, attracted $6.71 million and $6.48 million, respectively, while ARK’s ARKB managed to add $5.58 million. Bitwise’s BITB, however, faced a $3.05 million outflow.
Despite this recent increase, Bitcoin ETFs have experienced over $800 million in outflows this month, contrasting sharply with the robust inflows seen by Ethereum products.
Nonetheless, Bitcoin ETFs maintain a larger total impact, with $54.19 billion in net inflows since their inception and $144.57 billion in assets under management.
This significant performance can be attributed to the strong institutional interest these funds have garnered in the past.
CryptoSlate previously noted that institutional investors expanded their ETF holdings to $33.6 billion in the second quarter, driven by renewed investments from financial advisors.
According to Kronos Research, the BTC ETF holdings by financial advisors indicate that Bitcoin is becoming increasingly integrated into mainstream wealth management, which could enhance its liquidity and potentially reduce volatility over time.
