U.S. spot Ethereum ETFs had $443.9M in net inflows on Monday, marking the third straight day of positive flows.
BlackRock's ETHA led with $314.9 million, followed by Fidelity's FETH with $87.4 million. Other funds, including as Grayscale's Mini Ethereum Trust, showed positive activity. Ethereum inflows were more than double those of spot Bitcoin ETFs, which saw $219M inflows on the same day.
Analysts attribute Ethereum's high demand to its yield potential, clear regulatory path, and growing adoption among corporate treasuries.
Despite the inflows, Ethereum and other altcoins' prices fell, indicating a shifting investor mood after Federal Reserve Chair Jerome Powell's dovish speech faded, sending markets into risk-off mode.
Bitcoin went below $110,000 for the first time in over six weeks, but institutional investor trust in Bitcoin and Ethereum ETFs remains high despite the larger market downturn.
