Ethereum Spot ETF's Record 19 Days of Net Inflows Comes to an End

Due to escalating geopolitical tensions in the Middle East, the record 19-day streak of net inflows into the U.S. Ethereum Spot ETF came to a halt on Friday, recording a net outflow of $2.2 million on the day.

The previous longest record was 18 days from late November to mid-December 2024. According to SoSoValue data, on Friday only two funds saw significant changes: Grayscale's Ethereum Mini Trust saw inflows of $6.7 million, while Fidelity's Ethereum Fund experienced outflows of $8.9 million.

This wave of inflows, which began on May 16, performed strongly, sometimes even surpassing inflows of Bitcoin ETFs. As of now, the total net asset value of Ethereum Spot ETFs has exceeded $10 billion.

However, due to the intensifying missile conflict between Israel and Iran, investor risk aversion has increased, leading to market sell-offs, with the cryptocurrency market experiencing $1.1 billion in liquidations on that day, and the price of ETH dropping approximately 8% within 48 hours.

Notably, SharpLink Gaming purchased $463 million in ETH on Friday, becoming the second-largest individual holder after the Ethereum Foundation.