Ethereum spot ETFs recorded $40.24M in net inflows from June 16–20, according to coinglass.

Here’s the breakdown:

• BlackRock ($ETHA): +$48.19M last week → Total inflow: $5.28B

• Grayscale ETH Mini: +$10.59M → Cumulative: $745M

• Fidelity ($FETH): –$14.91M this week → Still at $1.58B total inflow

Despite mixed flows, the market-wide ETF NAV now stands at $9.6B, representing 3.28% of $ETH’s total market cap.

How this impacts $ETH's price:

1. These ETFs buy real $ETH — reducing liquid supply

2. Institutions don’t trade — they accumulate and hold

3. $ETH already has low float (due to staking & burning)

3. ETF demand tightens the market further

Big Picture:

$ETH’s price hasn’t moved much — yet.

But ETF flows are slow, steady, and sticky.

They’re setting a new demand floor that could push $ETH higher over time.

So chads, what do you think? Are ETFs bullish or already priced in?

Drop your thoughts👇