US spot Ethereum exchange-traded funds (ETFs) recorded $523.9 million in net inflows on Tuesday, following a record single-day inflow of $1.02 billion. BlackRock's ETHA led the inflows with $318.67 million, while Fidelity's FETH and Grayscale's Mini Ether Trust also saw positive contributions. This marks the sixth consecutive day of positive inflows, totaling $2.33 billion, with spot ETH ETFs now holding $27.6 billion in assets, representing about 4.8% of Ethereum's market cap.
The shift from Bitcoin ETFs, which saw $65.9 million in inflows, is notable as Ether's price rose 8.5% to $4,667, approaching its record high. Market projections suggest Ether could reach between $5,376 and $8,656 if Bitcoin hits $150,000, with industry figures forecasting Bitcoin could rise to $250,000 by 2025.
US Spot Ethereum ETFs Attract $523.9M Amid Shift from Bitcoin ETFs
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