Spot Ether ETFs smash records with $837.5M in 15-day inflow streak as Bitcoin ETFs Struggle

US spot Ether ETFs are riding an unprecedented wave of demand, racking up $837.5 million in inflows over a 15-day streak, a surge that now accounts for 25% of total net inflows since their launch in July 2024. If the momentum holds, the streak could top $1 billion by next week, cementing Spot Ether ETFs as the hottest crypto investment vehicle of the year.

Meanwhile, spot Bitcoin ETFs face turbulence, with outflows and volatile swings dampening their early-year dominance. As Ether’s price climbs 31% in 30 days, analysts predict a potential rally toward $6,000, fueled by a bullish technical pattern and growing institutional interest.

Spot Ether ETFs near $1B milestone in historic run

The latest Farside Investors data reveals that Spot Ether ETFs pulled in $25.3 million on June 6 alone, marking 15 straight days of positive flows. Since May 16, these funds have accumulated $837.5 million, a staggering quarter of the total $3.32 billion inflows since their debut.

If the trend continues, just $162.5 million more would push the streak past the $1 billion mark, a psychological threshold that could trigger even greater investor confidence.

“This isn’t just a streak; it’s a statement,” said one market analyst. “Spot Ether ETFs are proving they can sustain demand even when Bitcoin ETFs wobble.”

Bitcoin ETFs stumble as Ether steals the spotlight

While Spot Ether ETFs thrive, their Bitcoin counterparts have hit a rough patch. After a record-breaking Q1, spot Bitcoin ETFs saw $346.8 million in outflows on May 29, followed by erratic inflows and outflows. The contrast highlights a shift in investor preference, possibly driven by Ether’s stronger recent price performance.

Ether is currently trading at $2,490, up 31.23% in 30 days, while Bitcoin struggles to regain momentum above $104,000.

Ether price rally: Is $6,000 next?

Technical analysts are buzzing over a multi-year gold fractal that suggests Ether could be gearing up for a massive breakout. Crypto Eagles, a prominent trader, noted on June 3 that Ether’s current cycle mirrors past bull runs, potentially setting the stage for a new all-time high.

Ether’s previous peak was $4,878 in November 2021. If history repeats, a surge toward $6,000 could be in play, especially if Spot Ether ETFs keep attracting institutional money.

Staking could supercharge Spot Ether ETFs

Some experts argue that adding staking rewards to Spot Ether ETFs would make them even more attractive.

“Staking is Ethereum’s killer feature,” said one industry commentator. “Ignoring it leaves billions in yield on the table.”

The speculation isn’t unfounded. On May 31, REX Shares filed for the first Ethereum and Solana staking ETFs, potentially launching within weeks. ETF analyst James Seyffart confirmed the move, noting the firm used “regulatory workarounds” to fast-track approval.

The verdict: Ether’s moment is now

With Spot Ether ETFs shattering records and technicals pointing to a major rally, Ethereum is having its best month in years. The $1 billion inflow milestone is within reach, and if staking gets added to the mix, demand could explode even further.

Investors are now beginning to think that, perhaps, spot Ether ETFs aren’t just an alternative to Bitcoin, they’re becoming the main event.