Ethereum spot exchange-traded funds (ETFs) have attracted over $4 billion in net inflows, with a significant portion coming in just 15 trading days, signaling a surge in institutional interest, particularly led by BlackRock and Fidelity.
BlackRock and Fidelity are prominent contributors to this trend, with BlackRock's iShares Ethereum Trust holding over $5.3 billion gross and Fidelity seeing around $1.6 billion in inflows.
On the contrary, Grayscale's ETHE trust has experienced outflows totaling more than $4.2 billion, likely impacted by its comparatively higher fee structure in a market demanding more competitive fees.
Despite the ETF momentum, Ethereum's price decreased by 4% this week amid weakening bullish sentiment. Additionally, the US Securities and Exchange Commission (SEC) is evaluating potential game-changing mechanics for Ethereum ETFs, such as in-kind creations and staking, with a decision potentially arriving by late 2025.