Fidelity Drives Ethereum ETF Boom as Inflows Top $4 Billion

Ethereum investment products are seeing a renewed wave of demand, with U.S.-listed spot ETFs pulling in over $100 million in a single day.

Leading this surge is Fidelity, which outpaced other issuers by adding more than 27,000 ETH worth roughly $60.5 million to its holdings. This boost helped push total inflows for U.S. Ethereum ETFs above $4 billion—despite recent volatility across the broader crypto market.

Fidelity’s aggressive accumulation even surpassed inflows to BlackRock’s ETF on the same day, highlighting growing institutional interest in Ethereum despite ongoing macro uncertainty.

Analysts point to this trend as part of a larger nine-week streak of ETH-focused investments, with over $2.2 billion added since the rally began—marking the strongest such run since 2021.

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Ethereum’s price briefly dipped earlier this month but has since rebounded, gaining more than 7% and crossing the $2,400 level. On-chain activity also supports this trend, with weekly new wallet creation now nearing the 1 million mark—well above last summer’s figures.

The combination of steady capital inflows, rising user activity, and a more favorable regulatory outlook may be fueling Ethereum’s renewed momentum.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.