Spot Ethereum ETFs log $639 million in inflows, extending positive streak to 8 days
U.S. spot Ethereum exchange-traded funds saw $639.6 million in net inflows on Thursday, extending their streak of inflows to eight days.BlackRock's ETHA led the inflows with $519.7 million flowing into the product, according to SoSoValue data. The Grayscale Ethereum Mini Trust reported $60.7 million in inflows, while Fidelity's FETH experienced inflows of $56.9 million. Invesco's ETF also saw modest inflows.Thursday's inflows followed a record-setting inflow of $1.02 billion on Monday. Over the past eight days, the spot ether ETFs saw cumulative inflows of $3.71 billion.Ethereum fell 2.6% in the past 24 hours to trade at $4,612 as of 1:50 a.m. ET Friday, according to The Block's price page. The cryptocurrency has gained 18.6% over the past week and traded near its all-time high at one stage earlier this week.Ethereum's strong momentum has led Standard Chartered analysts to raise their year-end price target to $7,500, nearly doubling their previous $4,000 forecast.Meanwhile, spot bitcoin ETFs saw $230.9 million in net inflows on Thursday, up from Wednesday's inflows of $86.9 million.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.