Ethereum Spot ETFs Record $406M Inflows, Fidelity Leads $168M

Ethereum spot ETFs are seeing a strong wave of investor interest. On September 12, they recorded $406 million in net inflows. This marks the fourth straight day of positive momentum. Fidelity FETH ETF led the surge with $168 million in inflows. This pushes its historical total to nearly $2.86 billion. According to SoSoValue data, Ethereum spot ETFs are attracting steady institutional demand. The total cumulative net inflow has now climbed to $13.36 billion. 

Net assets under management reached $30.35 billion. This represents about 5.38% of Ethereum overall market capitalization. This continued streak highlights the growing confidence in Ethereum based investment products. Investors are treating ETFs as a safer and regulated way to gain exposure to the world’s second-largest crypto. With billions now locked into these funds, Ethereum role in mainstream finance is expanding.

Fidelity Takes the Lead

Fidelity’s ETF, listed as FETH, saw the largest daily inflow at $168 million. This is equal to around 36,270 ETH. Its cumulative net inflow has grown to $2.86 billion, with net assets of $3.73 billion. FETH’s strong performance signals that institutional and retail investors trust Fidelity’s position in the ETF market. BlackRock’s ETHA ETF followed closely. It attracted $165.5 million in net inflows on the same day. 

ETHA now holds $17.25 billion in net assets. Now has secured an impressive cumulative inflow of $12.89 billion. This makes BlackRock the clear heavyweight in terms of total capital tied to Ethereum ETFs. Meanwhile, Grayscale’s ETHE also contributed with $23.8 million in inflows. However, despite this positive daily performance. Its cumulative net flow remains negative at -$4.55 billion. This reflects the outflows Grayscale has faced since converting its trust into a spot ETF earlier this year.

Other ETFs See Steady Gains

Alongside Fidelity and BlackRock, several other issuers reported moderate but meaningful inflows.

• Grayscale’s ETH ETF (ticker ETH) added $17.6 million in net inflows, bringing its cumulative total to $1.42 billion.
• Bitwise’s ETHW ETF attracted $16.6 million, raising its net assets to about $598 million.
• VanEck’s ETHV ETF saw $6.8 million in daily inflows, bringing its cumulative figure to $197 million.
• 21Shares’ TETH ETF reported inflows of $6.9 million, lifting its total to $27.1 million.

Franklin’s EZET and Invesco’s QETH did not see inflows on September 12. But continue to hold net assets of $95 million and $41 million, respectively. The overall trading volume across all Ethereum spot ETFs was $2.55 billion. This shows strong liquidity and market activity.

Institutional Demand Driving the Trend

Ethereum’s recent performance is helping to fuel this momentum. On the day, most ETFs posted gains of over 5%. With prices reflecting Ethereum’s rise in the broader crypto market. The combination of strong market performance and the regulated nature of ETFs makes them appealing to institutional players and traditional investors.

The inflows also suggest growing belief in Ethereum’s long-term potential. Especially as the network expands its role in powering stablecoins, DeFi, and real-world asset tokenization. With over 5% of Ethereum’s market cap now represented by ETFs. The products are shaping up to be a significant factor in the asset’s price discovery and liquidity.

Outlook for Ethereum ETFs

The consistent inflows over the past four days could mark the start of a broader trend. Institutional interest in Ethereum is no longer just speculative. It is increasingly tied to yield opportunities, network upgrades, and Ethereum’s expanding use cases in global finance. Fidelity strong showing highlights how established financial institutions are taking the lead in offering crypto exposure. With competitors like BlackRock and Grayscale also firmly in the market. 

The competition between issuers is likely to intensify. That rivalry could drive innovation, lower fees and improved access for investors. For Ethereum the bigger picture is clear: ETFs are becoming a bridge between the crypto industry and traditional finance. As more capital flows into these funds, Ethereum’s position as a foundational layer of the digital economy looks set to strengthen.