ETH spot ETFs end record 19-day inflow streak

U.S.-based spot Ethereum ETFs saw their longest streak of net inflows come to an end on Friday, with $2.2 million in net outflows amid escalating geopolitical tensions in the Middle East.

The previous record was 18 days, set from late November to mid-December 2024. According to SoSoValue data, only two funds saw notable movement on Friday: Grayscale’s Ethereum Mini Trust recorded $6.7 million in inflows, while Fidelity’s FETH fund saw $8.9 million in outflows.

The inflow streak, which began on May 16, saw several days where ETH ETFs outpaced Bitcoin ETFs in demand. The total net assets of ETH spot ETFs have now surpassed $10 billion — the highest since their launch in July 2024.

However, as Israel and Iran exchanged missile strikes, risk-off sentiment gripped the crypto market, triggering $1.1 billion in liquidations. ETH has dropped about 8% over the past 48 hours.

Meanwhile, SharpLink Gaming made headlines on Friday by purchasing $463 million worth of ETH, becoming the second-largest individual holder of ETH after the Ethereum Foundation.