Preface

Ethereum's ether (ETH), the second largest cryptocurrency asset, has captured renewed investor interest, specifically through spot exchange-traded funds (ETFs) in the U.S. These ETFs have exhibited some of their strongest momentum since their inception one year ago. This article examines the reasons behind this surge and its implications for the market.

Lazy bag

BlackRock's iShares Ethereum Trust (ETHA) saw a record $300 million inflow, increasing its total assets to $5.6 billion. U.S.-listed ETH ETFs amassed $703 million in net inflows this week alone.

Main Body

The Ethereum market is witnessing an overwhelming resurgence as the U.S.-listed spot exchange-traded funds (ETFs) have garnered increasing attention from investors. This revival is notably marked by BlackRock’s iShares Ethereum Trust (ETHA), which logged its highest daily inflow, registering over $300 million. This influx raised the fund's assets under management to an impressive $5.6 billion, based on data from Farside Investors.

This trend is reflective of a broader uptick in interest towards ether-backed investment products. The collective net inflow for the nine U.S.-listed ETH ETFs this week summed up to a substantial $703 million, as reported by crypto data provider SoSoValue. While data from Friday is still awaited, this marks the third-largest weekly collection since these products were launched in July of last year.

Despite the fact that ether’s price has not consistently kept up with bitcoin’s performance this year, investor buy-in has notably intensified, as pointed out by a new report from asset manager Fineqia. The report emphasizes that the assets under management of ether-backed exchange-traded products (ETPs) expanded at a pace 61% faster than the growth of the underlying asset’s market capitalization during the first half of 2025. This reveals consistent investment flows into these products.

The reported resurgence began around late April and maintained its momentum well into June, surpassing ETH's price appreciation. This capital influx has significantly contributed to ETH's rebound, with its value rising to $3,000, the highest in over four months.

On a notable side, the Ethereum Foundation recently executed its first over-the-counter deal, selling 10,000 ETH to SharpLink, highlighting continued institutional interest.

U.S. markets reporter Krisztian Sandor, specializing in stablecoins, tokenization, and real-world assets, provides insights into these trends. Sandor, an NYU graduate in business and economic reporting, has vast experience and holds investments in BTC, SOL, and ETH.

Key Insights Table