U.S. spot Ethereum exchange-traded funds (ETFs) recorded a total net inflow of $18.4 million on April 29, continuing a positive trend for the fourth consecutive trading day. This steady momentum reflects renewed investor confidence and interest in Ethereum-based investment products.
Fidelity’s Ethereum ETF (FETH) emerged as the frontrunner, attracting a notable $25.5 million in net inflows. This strong performance underscores Fidelity's growing influence in the Ethereum ETF market and suggests that institutional and retail investors are increasingly turning to established issuers for crypto exposure. FETH's inflows made up the vast majority of the day’s gains, signaling concentrated investor trust in Fidelity's offering.
In contrast, Grayscale’s Ethereum Trust (ETHE) experienced a net outflow of $7.1 million on the same day. This withdrawal from Grayscale may be indicative of profit-taking, fee concerns, or investor rotation into more cost-efficient alternatives like FETH. The divergence in fund flows highlights shifting dynamics within the ETF landscape as investors reassess their strategies and gravitate toward newer, lower-fee options.
Other U.S.-listed Ethereum ETFs reported no net changes in their holdings, suggesting a neutral stance from investors toward those products on April 29. Still, the overall net inflow points to sustained interest in Ethereum exposure through regulated investment vehicles, especially with growing anticipation around Ethereum’s technological upgrades and potential institutional adoption.
As spot Ethereum ETFs continue to attract capital, market participants are closely monitoring how these inflows may impact Ethereum's price trajectory and long-term demand. This four-day streak of positive flows could signal broader bullish sentiment surrounding Ethereum's role in the evolving crypto landscape.
