Ethereum Spot ETFs Snap Inflow Streak as Bitcoin Funds Keep Buying

Ethereum spot exchange-traded funds (ETFs) saw their seven-day inflow streak come to an end on September 29, according to SoSoValue data. The products recorded $2.81 million in net outflows that day.

This move marked a reversal from the previous seven days, during which they had attracted roughly $850.8 million. Bitcoin ETFs moved in the opposite direction, taking in $66.19 million and extending their own inflow run to nine straight sessions.

The Ethereum ETF streak began on September 18 and was fueled by strong daily totals across most of the following sessions. However, on September 29, BlackRock's ETHA recorded the largest outflow at $8.94 million, while Grayscale's Ethereum Mini Trust took in $12.83 million.

Despite the outflows, Ethereum ETFs still hold $17.79 billion in net assets, equal to 5.45% of Ethereum's market capitalization. They have also attracted $979.69 million in net inflows over the past 30 days.