Over the past six trading days, U.S. investors have directed significantly more capital into spot Ethereum exchange-traded funds than into Bitcoin ETFs, reflecting a surge in institutional interest in Ethereum.

According to Farside Investors, Ether ETFs saw nearly $2.4 billion in net inflows during this period, compared to just $827 million for spot Bitcoin ETFs. Inflows into Ether ETFs outpaced Bitcoin ETFs on each of the six trading days.

BlackRock’s iShares Ethereum ETF (ETHA) led the inflows, attracting $1.79 billion—almost 75% of the total. ETHA also recently became the third-fastest ETF to reach $10 billion in assets under management, achieving the milestone in just 251 trading days.

Meanwhile, Fidelity’s Ethereum Fund (FETH) had its best day on record Thursday with $210 million in inflows, surpassing its prior record of $202 million from December 10, 2024.

Institutional demand for ETH has been rising. BitMine Immersion Technologies purchased $2 billion worth of ETH in just 16 days, making it the largest corporate ETH holder. Altogether, companies now hold 2.31 million ETH, representing 1.91% of Ethereum’s circulating supply, according to Strategic Ether Reserves.

Galaxy Digital CEO Michael Novogratz predicted ETH will reach $4,000 and outperform BTC over the next six months. He noted that significant ETH purchases by companies like BitMine and SharpLink Gaming could trigger a supply shock.

While Ether ETFs saw strong inflows, spot Bitcoin ETFs experienced a setback on Monday, breaking a 12-day inflow streak with a net outflow of $131 million. The previous 12-day net inflow had totaled $6.6 billion. Research firm Swissblock anticipates that “ETH is rotating into leadership as the next leg of the cycle unfolds.”

Sources:

https://cointelegraph.com/news/us-ether-etfs-flip-bitcoin-counterparts-6-days-in-a-row

https://www.strategicethreserve.xyz/

https://farside.co.uk/eth/