U.S.-listed ether (ETH) exchange-traded funds (ETFs) hit a major milestone on Monday, recording over $1 billion in daily inflows for the first time ever. This surge in investor interest coincided with a sharp rally in ETH prices, which soared to $4,358 — the highest level since December 2021. The milestone highlights growing confidence in Ethereum and the broader crypto market.
BlackRock and Fidelity Lead the Pack
Among the nine listed Ether ETFs, BlackRock’s iShares Ethereum Trust (ETHA) led the charge with nearly $640 million in daily inflows. Fidelity’s Ethereum Fund (FETH) followed closely, bringing in $276.9 million. Combined, these two funds accounted for over 90% of the day’s total inflows.
The previous daily inflow record of $726.74 million, set on July 17, was easily surpassed. According to data from SoSoValue, total cumulative inflows into Ether ETFs have now reached $10.83 billion, with total assets under management (AUM) valued at $25.71 billion. These holdings represent approximately 4.77% of Ethereum’s total market capitalization — a notable chunk that reflects rising institutional interest.
Macro Factors Fuel Optimism in Crypto Markets
A wave of positive macroeconomic signals helped propel both ETH prices and ETF investments. Traders grew increasingly confident after the CME FedWatch tool indicated an 84% probability of a 25-basis-point interest rate cut by the Federal Reserve in September. Lower interest rates typically favor risk assets, including cryptocurrencies.
Additionally, the U.S. Securities and Exchange Commission (SEC) dropped its long-standing lawsuit against Ripple, the company behind XRP. This unexpected move injected fresh momentum into the altcoin market, further strengthening overall crypto sentiment.
With Ethereum ETFs gaining traction and ETH approaching its all-time highs, investor appetite for digital assets continues to grow. If favorable economic conditions persist, Ethereum and its related financial products could see even more record-breaking activity in the coming months.
