Institutions Bet Big on Ethereum as Spot ETFs Rake in $534M

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Institutional demand for Ethereum is heating up, with US spot ETH ETFs absorbing $534 million in net inflows on Tuesday—their third-best day on record.

BlackRock dominated with $426M, while Grayscale and Fidelity combined for $108M, per SoSoValue. The inflows follow $1.3B over the prior two days last week, underscoring Wall Street’s growing ETH appetite.

“Reserve strategies for ETH offer a second chance for investors who missed Bitcoin’s run,” said LVRG Research’s Nick Ruck, highlighting institutional FOMO. With BTC dominance slipping, Kronos Research’s Vincent Liu added that macro stability could extend ETH’s momentum.