Spot Ether ETFs See 15-Day Inflow Streak Totaling $837.5M
US-based spot Ether ETFs have seen a 15-day inflow streak tallying $837.5 million, with potential for it to exceed $1 billion if trends continue. As spot Ether prices rise, technical analysis suggests a rally toward $6,000 could be on the horizon. Meanwhile, Bitcoin ETFs face volatility after an outflow streak, and a new Ethereum and Solana staking ETF may debut shortly.
In a notable trend, US-based spot Ether exchange-traded funds (ETFs) are observing their third week of increasing inflows. If this upward momentum continues, it could push the total inflow past the remarkable mark of $1 billion very soon. On June 6, spot Ether ETFs reported inflows amounting to $25.3 million for that trading day, marking 15 consecutive days of positive inflow, as per data from Farside.
The inflow streak, beginning on May 16, has accumulated a hefty $837.5 million—accounting for roughly 25% of the total net inflows of $3.32 billion since the inception of spot Ether ETFs back in July 2024. Should this trend persist into the next week, an additional $162.5 million would drive the total inflow to a staggering $1 billion.
In stark contrast, spot Bitcoin (BTC) ETFs have experienced a different fate. Their inflow streak concluded on May 29, with approximately $346.8 million in outflows. Since that point, the inflow and outflow movements have been quite erratic, showing a mixed pattern. Meanwhile, the spot price for Ether has seen a surge of 31.23% over the last month, currently sitting at $2,490, according to CoinMarketCap.
Adding to the optimistic sentiment, Cointelegraph recently highlighted that a multi-year gold fractal analysis suggests a possible Ether price rally towards $6,000 in the near future. Technical analyst Crypto Eagles noted on June 3 that Ether seems to emulate patterns from the previous 2024–2025 cycle, potentially paving the way for a new all-time high.
Referencing past performance, Ether’s peak price of $4,878 was achieved in November 2021, based on data from CoinGecko. Some experts in the industry suggest that introducing staking options to spot Ether ETFs could enhance their long-term performance.
On May 31, it was reported that the first Ethereum and Solana staking ETFs might enter the US market soon, following a filing by ETF provider REX Shares. ETF analyst James Seyffart remarked that, although a launch date remains uncertain, the firm employed “regulatory workarounds to expedite these products to market.”
Post Comment