Spot Ether exchange-traded funds (ETFs) recorded their largest-ever single-day net inflows on Monday, pulling in $1.01 billion amid a sharp rally in Ethereum’s price and renewed bullish sentiment in the crypto market.
BlackRock’s iShares Ethereum Trust (ETHA) dominated inflows, attracting $640 million — its highest daily total on record. Fidelity’s Ethereum Fund (FETH) followed with $277 million, also setting a new record. According to Farside Investors, the day’s Ether ETF inflows far outpaced Bitcoin ETF inflows, which stood at $178 million.
NovaDius president Nate Geraci stated on X that spot Ether ETFs were “severely underestimated” because traditional finance initially lacked a full understanding of Ethereum. He noted that institutional players are now embracing ETH as the “backbone of future financial markets.”
Feel like spot eth ETFs were severely underestimated simply b/c tradfi investors didn’t understand eth…
Btc had nice clean narrative, “digital gold”.
Eth takes more time for investors to understand.
Now they’re hearing “backbone of future financial markets” & it’s resonating.
— Nate Geraci (@NateGeraci) August 12, 2025
On-chain data signaled further bullish momentum. Glassnode reported that Ether balances on centralized exchanges fell to a nine-year low of 15.28 million ETH last Thursday, the smallest supply since November 2016. Such withdrawals are often interpreted as a sign that investors are moving assets into long-term storage.
Ethereum also retained its dominance in tokenized assets, accounting for 58% of the total across all blockchains, according to Token Terminal. The platform noted that staked assets on the network surpassed $150 billion for the first time.
Crypto analyst Anthony Sassano said ETF inflows on Monday absorbed more than half of all ETH issued since the network’s shift to proof-of-stake in 2022. Out of 451,000 ETH minted since the Merge, ETFs purchased 238,000 ETH in a single day.
The surge in ETF demand, declining exchange reserves, and record staking figures signal rising institutional confidence in Ethereum’s long-term market role.
Meanwhile, Bitcoin is approaching a potential breakout as retail traders overtake whales in the futures market. Data on BTC futures order sizes shows a shift from whale-led trading during late 2024 rallies to a market now dominated by smaller retail positions. Ethereum, however, faces elevated leverage levels despite its record-setting institutional inflows.
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