As with Bitcoin, Ethereum ETFs saw an increase in inflows on June 11, leading Bitcoin ETFs and a sign of increasing institutional interest. Ethereum spot ETFs logged a breathtaking inflow of 77,000 ETH in a single day. This increase represents the largest daily increase for Ethereum this entire month. In sharp contrast, Bitcoin ETFs had 7,800 BTC inflows.
That 7,800 BTC inflow into Bitcoin ETFs is actually a small bump compared to daily inflows in recent weeks. Previous net inflow record on May 23 when Bitcoin ETFs had 7,900 BTC come in in one day. Additionally, Bitcoin ETF flows are increasing very volatile. After experiencing heavy redemptions in back-to-back sessions in early June, investor participation was sporadic at best.
The increase in Ethereum ETF trading has been explained by the interplay of technical and macro factors. We don’t know, because specific details about what drove these changes were not released. Still, the strong inflow shows that institutional investors are becoming more confident about Ethereum. The stark contrast in inflows between Ethereum and Bitcoin ETFs is a sign of the times and an investment pivot we’ve long anticipated.
With the recent huge inflows into Ethereum ETFs, we must be looking at a massive institutional momentum building. This release is a testament to the growing recognition of Ethereum’s promise. It’s a big change from a year ago when the only context that many people had for understanding Ethereum was as a cryptocurrency.
Nguyen Thi Hanh
Cryptocurrency Writer
Nguyen Thi Hanh channels progressive, pragmatic views into high-energy, approachable crypto journalism, delivering confident, animated articles with regional and global relevance. Her optimistic, party-going spirit helps translate complex blockchain ideas into viral, visually engaging stories. Outside of writing, she enjoys urban food adventures and organizing community hackathons.
