Spot Ethereum ETFs listed in the United States continue to record a 15-day streak of positive net capital inflow, demonstrating strong institutional investor interest in Ethereum. According to the latest data, the total net capital inflow during this 15-day streak has reached $837 million, marking a significant step forward in the context of the cryptocurrency market trading in a correction phase.
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Overall picture: Assets under management reach $9.40 billion – accounting for over 3% of ETH's market capitalization
Since the spot Ethereum ETFs started being listed, the accumulated net capital inflow has reached $3.33 billion. The current total assets under management (AUM) of these funds stand at $9.40 billion, accounting for 3.11% of the total market capitalization of all Ethereum – a very notable figure for an asset class that has just entered the spot ETF market.
The daily trading volume of Ethereum ETF funds is also substantial, reaching $339.49 million, indicating good liquidity and stable participation from investors.
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BlackRock's ETHA leads the market in cash flow and asset value
Among spot Ethereum ETFs, the most prominent is ETHA – a product issued by BlackRock and listed on NASDAQ. This fund recorded the highest net capital inflow for the day, reaching $15.86 million, bringing total accumulated capital inflow to $4.85 billion, the highest among all current Ethereum ETFs.
The net asset value of ETHA is currently $3.77 billion, the largest in the market. During the day, ETHA traded with a volume of up to 11.82 million shares, corresponding to $223.90 million in trading value, despite a slight ETF price drop of 1.78%, closing at $18.81. This ETF is trading at a discount of 0.35% compared to the net asset value (NAV) – a normal phenomenon during market fluctuations.
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Grayscale continues to play a significant role, although there is polarization among funds.
Grayscale's ETH fund, now listed on the NYSE, ranks second in net capital inflow for the day with $9.37 million. The total accumulated capital inflow of this fund has increased to $694.09 million. The closing price of ETH decreased by 1.72%, to $23.42. Trading volume was 1.30 million shares, corresponding to $30.76 million.
However, Grayscale's other fund ETHE recorded no new capital inflow on June 6. Although holding up to $2.82 billion in net assets, ETHE still faces a total net capital outflow of up to $4.29 billion since its launch, indicating ongoing selling pressure. The fund closed at $20.61, down 1.76% for the day.
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Fidelity, Bitwise and VanEck: Long-term stability support
Fidelity's FETH fund had no new capital inflow for the day, but total accumulated capital inflow remains at $1.52 billion – reflecting long-term confidence from institutional investors. FETH currently holds $1.09 billion in net assets, closing at $24.83 (down 1.70%). Trading volume reached 1.06 million shares, corresponding to $26.42 million.
Similarly, Bitwise's ETHW fund recorded no new capital inflow, but the total accumulated capital inflow still reached $327.25 million, with net assets of $241.77 million. The fund closed at $17.83, down 1.76%.
VanEck's ETHV holds assets of $116.92 million, with accumulated capital inflow of $139.57 million. The closing price is $36.38, down 1.73% for the day.
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Small fund group: Stabilizing and growing
In addition to major players, some smaller-scale spot Ethereum ETFs are also maintaining stability:
• Franklin's EZET closed at $18.88, with net assets of $35.05 million and accumulated capital inflow of $42.55 million.
• Invesco's QETH slightly decreased by 1.59% to $24.81, with $22.65 million in net assets and $23.29 million in accumulated capital inflow.
• EETH from 21Shares had the largest decline of the day (-1.82%), closing at $12.41. EETH has $22.31 million in net assets and recorded no new capital inflow during the session.
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🔍 Analysis and evaluation
1. Institutional cash flow is increasing its presence
Maintaining a 15-day streak of positive net capital inflow in spot Ethereum ETFs is a clear signal that Ethereum is increasingly being accepted by institutional investors, especially in the context of the SEC approving a series of recent ETH ETFs.
2. BlackRock is dominating – and it's not by chance
It cannot be emphasized enough: BlackRock's ETHA is far ahead of competitors in both capital flow and asset value. This is the result of reputation, marketing strategy, and market trust in a traditional financial giant.
3. ETH prices have not exploded yet, but the foundation is strengthening
Although ETF prices slightly declined during the day (in line with the crypto market's correction), capital inflow continues – meaning institutions are buying during price corrections. This is a typical 'buy the dip' strategy, supporting positive long-term expectations for ETH.
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🧭 Conclusion
The fact that spot Ethereum ETFs in the U.S. have recorded a 15-day streak of positive net capital inflows, raising total assets under management to nearly $10 billion, indicates growing confidence from the institutional market in Ethereum's potential.
Despite short-term ETH prices facing correction pressure, the behavior of institutional cash flow is laying the groundwork for a new growth phase. Individual investors may consider tracking these cash flow indicators to identify reasonable positions in the next cycle.
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