Spot Ethereum ETFs log $455 million in daily inflows, surpassing Bitcoin ETFs for second time this week

U.S.-listed Ethereum ETFs saw $455 million in total daily net inflows on Tuesday, continuing their positive streak for a fourth consecutive day.

According to SoSoValue data, the funds from BlackRock and Fidelity spearheaded yesterday's inflows — ETHA reported net inflows of $323 million, while FETH had $85.5 million. Grayscale's ETHE and Mini Ethereum Trust also saw positive flows. 

On the other hand, bitcoin ETFs saw $88.2 million in total daily inflows across six funds. This extends the trend of Ether ETFs outpacing their Bitcoin rivals in net inflows, as Monday's inflows into Ethereum ETFs were more than double the inflows into spot Bitcoin ETFs.

LVRG Research Director Nick Ruck previously told The Block that this trend highlights a "significant rotational shift" toward Ethereum, driven by its yield-generating capabilities, regulatory clarity, and growing corporate treasury adoption.

Meanwhile, the underlying cryptocurrencies experienced a notable recovery on Wednesday morning. According to The Block's crypto price page, bitcoin rose 0.58% in the past 24 hours to trade at $110,822 as of 3:35 a.m. on Tuesday. Ethereum rose 3.37% to $4,570, with other major altcoins showing a similar rebound.

Despite the price dip earlier in the week, inflows into both bitcoin and Ethereum ETFs indicate an enduring institutional confidence in the two dominant cryptocurrencies, Ruck told The Block.