US Spot ETH ETFs Experience a Significant $244 Million Inflow Surge

Record Inflows

On October 28 US spot ETH ETFs attracted a net $244 million, marking a second consecutive day of gains. Fidelity’s FETH led with $99.27 million, followed by BlackRock’s ETHA at $74.74 million and Grayscale’s Mini ETH at $73.03 million. Grayscale’s older ETHE product saw a modest outflow of $2.66 million, indicating a shift toward newer funds.

Key Drivers

Investors are gravitating to regulated spot ETH ETFs for their simplicity and oversight. These products let traders buy and sell shares through standard brokerage accounts, removing the need for wallets or private keys. Additional benefits include portfolio diversification, high liquidity, and confidence from financial‑authority regulation.

Investor Implications

The steady inflows signal growing institutional confidence in Ethereum and its ecosystem. Greater capital flow may enhance price stability and support upward momentum for ETH. The migration from legacy products to newer ETFs also reflects a demand for lower‑cost, more efficient structures.

Outlook

With major firms like Fidelity and BlackRock driving demand, mainstream acceptance of crypto assets is accelerating. This trend could broaden Ethereum’s role in traditional investment portfolios. Nonetheless, market volatility persists, so investors should conduct their own research and assess risk tolerance.