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U.S. spot Ethereum ETFs saw strong momentum Tuesday, pulling in $533.9 million in net inflows, marking the third-largest daily total since their debut. BlackRock’s iShares Ethereum Trust led with $426.2 million, followed by Grayscale’s Ethereum Mini Trust with $72.6 million, and Fidelity’s ETF with $35 million. The rising inflows reflect increasing confidence in Ethereum as a long-term investment.
Investor sentiment continues to shift as Bitcoin dominance weakens and macro conditions remain steady. Vincent Liu, CIO of Kronos Research, said Ethereum’s momentum looks sustainable in the mid-term if these factors hold. Nick Ruck, director at LVRG Research, noted that institutional interest in Ethereum is rising, offering investors a second opportunity after Bitcoin’s historic gains.
Companies are also adopting Ethereum-focused treasury strategies. SharpLink Gaming, for example, began accumulating ether after announcing its Ethereum strategy in May. Meanwhile, spot Bitcoin ETFs saw $67.9 million in outflows Tuesday, after losing $131.3 million the day before. Presto’s Min Jung said Ethereum is becoming the next step for investors eyeing new crypto opportunities.
