Spot Ether ETFs Extend 16-Day Inflow Streak With $453 Million - Unchained

Spot ether exchange-traded funds (ETFs) extended their record inflow streak to 16 consecutive days, logging $453 million in net inflows on Friday – roughly three times the inflows compared to bitcoin spot ETFs

BlackRock’s iShares Ethereum Trust (ETHA) led the inflows with $440 million, further solidifying its dominant position with assets totaling $10.69 billion

Other notable inflows included Bitwise’s ETHW with nearly $10 million and Fidelity’s FETH with $7.3 million, while Grayscale’s ETHE saw redemptions of $23.49 million on the day.

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Last week, spot ETH ETFs pulled in $1.85 billion, their second-strongest inflow ever, while bitcoin ETFs notched their seventh straight week of gains with $72 million added.

Ether’s recent price action reflects this growing appetite for ether-based funds, having reached an intraday high of $3,941, and surging 61% in the last four weeks alone.

However, ETH still trades 21% below its all-time high of $4,891 set in 2021, while BTC last touched a record of $123,091 just two weeks ago.