Which ETFs saw net ETH inflows?

TLDR

Over the past week, net inflows went into BlackRocks iShares Ethereum ETF (ETHA), Fidelitys Ethereum ETF (FETH), Grayscales ETHE and its Mini Ether ETF, and Bitwises spot ETH fund, led by ETHA and FETH on 4 Dec per a flows update.

1. BlackRocks ETHA added about $53 million on 4 Dec, with total ETH ETF net inflows ~$140 million that day per a daybook.
2. Fidelitys FETH took in roughly $34.4 million the same day, while Bitwise, Grayscale ETHE, and Grayscale Mini Ether also posted smaller inflows per a flows update.
3. Earlier in the week, inflows concentrated in BlackRock and Grayscale on select days, while other sessions saw mixed flows per a daily flows summary.

Deep Dive

1. Who Saw Inflows

The strongest inflows on 4 Dec went to ETHA (~$53M) and FETH (~$34.4M), with additional positive prints for Bitwise, Grayscale ETHE (~$27.6M), and Grayscale Mini Ether (~$20.7M), totaling ~$140M for spot ETH ETFs that day per Farside Investors breakdown via a flows update.

• A separate market daybook corroborated the ~$140M net inflows on 4 Dec and highlighted ETHA as the largest single-fund contributor that day in the U.S. spot ether cohort, with FETH next in line, and Bitwise/Grayscale also green per the daybook.

2. Flow Pattern This Week

Flows were not one?way. Some sessions printed outflows, then flipped back to inflows midweek.

• On 3 Dec, ETH ETFs recorded ~$140.16M net inflows, with Fidelity and Grayscale positive, and BlackRock offsetting flows on a separate day earlier in the week per a daily flows summary.
• On another session, ETH ETFs logged ~$76.55M in net inflows, dominated by BlackRock and supported by Grayscale per a second daily note.

3. Why It Matters

ETHs recent performance and rotation narrative have been linked to renewed ETF demand and improving relative momentum versus BTC, with analysts noting ETH ETF flows outpaced BTC in parts of the week per a market update.

• Inflows are a simple proxy for capital allocation into ETH exposure via regulated wrappers. Sustained positive prints tend to support price stability and liquidity, while mixed days reflect shifting macro sentiment and issuer?specific dynamics.

Conclusion

Net ETH inflows this week concentrated in BlackRocks ETHA and Fidelitys FETH, with Grayscale (ETHE and Mini Ether) and Bitwise also positive on key sessions. The day?to?day tape was mixed, but midweek showed a strong ~$140M inflow day across the cohort. Monitoring daily issuer?level flows is the cleanest way to track whether institutional demand for ETH is broadening or narrowing.