Ethereum ETFs Back in the Green Thanks to Sustained Five-Day Inflows

Ether ETFs Turn a Corner, Posting Positive Net Inflows After Five-Day Surge

Ether (ETH) exchange-traded funds (ETFs) have moved into positive territory for cumulative inflows for the first time since their launch in July, thanks to a streak of five consecutive days of net investments.

The nine U.S.-listed spot ether ETFs saw combined inflows of just under $136 million on Tuesday, boosting total inflows to approximately $650 million since Nov. 6, according to data from SoSoValue. This marks a significant turnaround, with cumulative inflows now standing at $94.62 million in the black.

The only other time ether ETFs recorded positive net inflows was on their debut day, July 23, when $106.8 million flowed into the funds. However, enthusiasm waned quickly, with the funds struggling to gain traction compared to the strong launch of bitcoin ETFs earlier this year.

Grayscale’s Ethereum Trust (ETHE), which already boasted over $8 billion in assets at the time, faced consistent outflows, and those losses weren’t counterbalanced by significant investments in other ether ETFs.

The initial lack of excitement around ether ETFs has been attributed to multiple factors. Key among them is the absence of staking functionality—a critical feature for many Ethereum investors. Additionally, ether’s price performance has been modest compared to other cryptocurrencies during the ongoing bull market. Over the past year, ether has risen roughly 55%, lagging behind bitcoin’s 141% surge and solana’s impressive 305% climb, as per CoinDesk Indices data.

Despite these challenges, the recent streak of inflows could signal growing confidence in ether ETFs, potentially paving the way for further adoption as the market matures.

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