The net inflow into spot exchange-traded funds based on Ethereum over the past day amounted to $240.29 million. The corresponding figure for Bitcoin ETFs was $164.57 million.
The cumulative net inflow into Ethereum-based structures reached $3.74 billion, with positive dynamics observed for 18 consecutive days.
The largest inflow over the past day was into BlackRock’s ETHA — $163.64 million. Fidelity’s FBTC recorded $37.28 million.
The total assets under management (AUM) of Ethereum-based funds amount to $11.05 billion, representing 3.25% of the cryptocurrency’s market capitalization.
“As the SEC hints at possible relaxations for DeFi, investors increasingly view ETH as an undervalued asset — especially against the backdrop of new Bitcoin records and last year’s all-time highs for altcoins,” noted LVRG’s Director of Research, Nick Rak.
SEC Chairman Paul Atkins recently expressed support for DeFi. He stated that the right to self-custody is “a fundamental American value” that should be preserved in the digital realm.
Interest in decentralized finance is growing amid recent changes in regulation and the growth of the stablecoin sector.
“Institutions are steadily turning to the Ethereum ecosystem to launch innovative financial products and strengthen their positions in the crypto space,” added Rak. “The combination of regulatory clarity, institutional interest, and alignment with broader market movements makes Ethereum an attractive asset for optimistic investors.”
There is also notable activity in the derivatives market. The trading volume of Ethereum-based derivatives reached $108.8 billion; the combined figure for Bitcoin-based instruments was $87.94 billion.
On June 11, the price of ETH approached $2900, matching February levels. At the time of writing, the asset is trading around $2770, according to CoinGecko.
Bitcoin ETFs
The AUM of Bitcoin ETF providers stands at $131.85 billion, accounting for 6.09% of the digital gold’s capitalization.
The largest share in the segment is held by BlackRock’s IBIT, managing assets worth $72.55 billion.
The cumulative net inflow since regulatory approval of the products has reached $45.22 billion.
In the latter half of April, the AUM of spot Ethereum ETFs fell to a record low.