Spot Ether ETFs have officially overtaken their Bitcoin counterparts for six consecutive trading days, marking a rare flip in institutional momentum. U.S. investors poured nearly $2.4 billion into Ethereum-based ETFs over the past week—compared to just $827 million in Bitcoin ETF inflows, according to data from Farside Investors.
Source: Farside Investors.
BlackRock’s iShares Ethereum ETF (ETHA) captured the majority of this capital, attracting $1.79 billion—roughly 75% of the total ETH ETF inflows during the period. The fund has now become the third-fastest ETF in history to reach $10 billion in AUM, achieving the milestone in just 251 trading days.Meanwhile, Fidelity’s Ethereum Fund (FETH) also had a record-breaking day on Thursday, securing a $210 million net inflow—its best day ever, beating its previous high set in December 2024.
BitMine’s $2 billion ETH grab and rising institutional confidence
Recent weeks have seen a surge in Ethereum-focused institutional strategies. BitMine Immersion Technologies led the charge, purchasing $2 billion worth of ETH in just 16 days—becoming the largest corporate holder of Ethereum.
According to Strategic Ether Reserves, companies now collectively hold 2.31 million ETH, representing 1.91% of ETH’s total circulating supply. This mounting corporate interest is reinforcing Ethereum’s appeal as a long-term institutional asset.Notably, Galaxy Digital CEO Mike Novogratz told CNBC that Ethereum (ETH) could soon hit $4,000, citing BitMine and SharpLink Gaming’s heavy ETH accumulation as potential drivers of a supply shock.
In contrast to Ethereum’s momentum, spot Bitcoin ETFs broke their 12-day inflow streak on Monday, posting a net outflow of $131 million. That marked a sharp shift from the prior 12 days, during which BTC ETFs collectively brought in $6.6 billion.
Market analysts at Swissblock Research now expect this ETH-led cycle to continue, stating:
“ETH is rotating into leadership as the next leg of the cycle unfolds.”
Source:TradingView
Ethereum rallied during the ETF inflow streak, with RSI momentum and volume confirming institutional buying pressure.