$ETH Ethereum Spot ETFs See $58.6 Million Inflow in a Single Day, Driven by BlackRock's ETHA

Institutional Appetite for Ethereum Grows as Spot ETFs Gain Traction

Ethereum spot exchange-traded funds #(ETFs) recorded a significant net inflow of #$USDC 58.63 million on May 23, according to data from SoSoValue reported by Foresight News. The bulk of the inflow was attributed to BlackRock’s ETHA fund, which alone attracted $52.84 million in new investments, pushing its total historical net inflow to $4.4 billion.

Grayscale’s Ethereum Mini Trust (ETH) also contributed to the day’s gains, with a net inflow of $5.79 million and a cumulative inflow of $661 million since its inception.

Ethereum ETF Market Snapshot (as of May 23, 2025):

Metric Value

Daily Net Inflow (All Ethereum ETFs) $58.63 million

$ETH ETHA (BlackRock) Daily Inflow $52.84 million

ETHA Total Historical Inflow $4.40 billion

ETH (Grayscale Mini) Daily Inflow $5.79 million

ETH Total Historical Inflow $661 million

Total Net Asset Value (All ETFs) $9.12 billion

ETF Net Asset Ratio 2.97%

Cumulative Historical Net Inflow $2.76 billion

Strengthening Institutional Confidence

The steady rise in inflows signals a growing institutional appetite for regulated Ethereum investment vehicles. Following the precedent set by Bitcoin spot ETFs, Ethereum is emerging as an increasingly attractive option for institutional portfolios.

Analysts point to several key fundamentals supporting this trend, including the expansion of Ethereum’s Layer-2 ecosystem, the appeal of staking rewards, and the growing adoption of smart contract applications. These developments enhance Ethereum’s long-term value proposition and are likely contributing to its appeal among professional investors.

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