Ethereum ETFs Attract $2.4 Billion in Six Days, Surpass Bitcoin Funds

TLDR

US investors poured $2.4 billion into spot Ether ETFs over six trading days, nearly triple Bitcoin ETFs’ $827 million
BlackRock’s ETHA became the third-fastest ETF to reach $10 billion in assets, achieving this in 251 trading days
Ethereum ETFs outpaced Bitcoin ETFs for six consecutive days, marking a rare market flip
BitMine Immersion Technologies bought $2 billion worth of ETH in 16 days, becoming the largest corporate holder
Galaxy Digital CEO Michael Novogratz predicts ETH will hit $4,000 and outperform BTC in the next six months

US investors have shifted their focus to Ethereum, pouring $2.4 billion into spot Ether exchange-traded funds over the past six trading days. This surge far exceeded the $827 million that flowed into Bitcoin ETFs during the same period.

The trend marks a rare flip in the cryptocurrency ETF market. Ethereum ETFs outpaced their Bitcoin counterparts for six consecutive trading days, according to data from Farside Investors.

BlackRock’s iShares Ethereum Trust (ETHA) emerged as the biggest winner. The fund attracted $1.79 billion during the six-day period, representing nearly 75% of total Ethereum ETF inflows.

ETHA reached another milestone this week by becoming the third-fastest ETF in US history to hit $10 billion in assets under management. The fund achieved this feat in just 251 trading days after its launch.

Only two Bitcoin ETFs reached the $10 billion mark faster than ETHA. The iShares Bitcoin Trust and Fidelity’s FBTC hold the first and second positions respectively.

Corporate Ethereum Holdings Surge

The institutional appetite for Ethereum extends beyond ETFs. BitMine Immersion Technologies purchased $2 billion worth of ETH over 16 days, making it the largest corporate holder of Ethereum.

Companies now hold 2.31 million ETH in their treasuries. This represents 1.91% of Ethereum’s circulating supply, according to Strategic Ether Reserves data.

Fidelity’s Ethereum Fund (FETH) also set a new record on Thursday. The fund saw a net inflow of $210 million, beating its previous record of $202 million from December 10, 2024.

BlackRock filed for its Ethereum ETF in November 2023 and selected Coinbase Prime as its custodian. The ETF charges a 0.25% sponsor fee and tracks the market price of Ether, minus expenses and liabilities.

The rapid growth of ETHA is particularly striking when compared to traditional ETF launches. Bloomberg ETF analyst Eric Balchunas noted that ETHA doubled from $5 billion to $10 billion in just 10 days.

LOOK OUT: $ETHA just hit $10b in one year flat, the 3rd fastest ETF to hit that mark in history after (you guessed it) two bitcoin ETFs $IBIT & $FBTC. Amazingly it went from $5b to $10b in just 10 days (ETF asset equiv of a God candle). Is in Top 5 in flows 1M, 1W. Sister Hazel! pic.twitter.com/Jrrb15BdHV

— Eric Balchunas (@EricBalchunas) July 24, 2025

Market Predictions Point to Further Growth

Galaxy Digital CEO Michael Novogratz has made bold predictions about Ethereum’s future. He expects ETH to reach $4,000 and believes it will outperform Bitcoin over the next six months.

Novogratz cited large purchases by companies like BitMine Immersion Technologies and SharpLink Gaming as potential catalysts for a supply shock. These corporate acquisitions could drive prices higher as available supply decreases.

The rotation from Bitcoin to Ethereum ETFs became evident when Bitcoin funds broke their 12-day inflow streak on Monday. Bitcoin ETFs saw a collective net outflow of $131 million, ending a period that had brought in $6.6 billion.

Ethereum ETFs recorded strong monthly inflows totaling $4.7 billion in July, with ETHA leading in both volume and growth rate. On July 17, Ethereum ETFs collectively attracted $602 million in net inflows, surpassing Bitcoin ETFs’ $523 million.

BlackRock has applied to allow staking in ETHA, which would enable the fund to generate yield by locking up some of its Ethereum holdings. A SEC decision clarified that staking rewards are considered income rather than securities, potentially paving the way for approval later this year.