Ethereum ETFs Outpace Bitcoin as Inflows Surge—Is Market Sentiment Shifting?

Ethereum exchange-traded funds (ETFs) attracted $461 million in inflows on Friday, surpassing the $404 million recorded by bitcoin ETFs. BlackRock led Ethereum purchases with $250 million, followed by Fidelity at $130 million and Grayscale at $60 million.

ETFS ARE BUYING MORE ETH THAN BITCOIN

ETFs yesterday had total flows of $461M for ETH but only $404M for BTC.

BLACKROCK BOUGHT $250M ETH
FIDELITY BOUGHT $130M ETH
GRAYSCALE BOUGHT $60M ETH pic.twitter.com/C3mSLAnw90

— Arkham (@arkham) August 9, 2025

Since their launch, U.S. spot ether ETFs have collectively gathered $9.82 billion in net inflows, pushing their total net asset value to $23.38 billion. This amount now represents 4.77% of Ethereum’s market capitalization.

Institutional Buyers Boost Ethereum Holdings

The surge in Ethereum ETF inflows may signal a shift in market sentiment. Supporting this, data from CoinGecko reveals that public companies recently added over 304,000 ETH to their treasuries. This highlights growing institutional confidence in Ethereum’s outlook.

Notably, BitMine added 208,137 ETH this week, raising its total holdings to 833,137 ETH, worth approximately $3.26 billion. The acquisition places BitMine as the third-largest crypto treasury among public companies.

SharpLink Gaming also increased its stake by purchasing 83,561 ETH for about $304 million, bringing its total to 521,939 ETH valued at $2.04 billion. This ranks it eighth among corporate crypto treasuries, just behind Metaplanet.

The Ether Machine acquired 10,605 ETH for $40 million, adding to an earlier purchase of 15,000 ETH. Its current holdings total 25,605 ETH worth $100.41 million, with plans to acquire up to 345,000 ETH.

GSQ Holdings purchased 2,717 ETH for $10 million, raising its total to 15,630 ETH valued at $61.30 million. The company recently approved a stock buyback funded by returns generated from its Ethereum holdings.

Ethereum Hits Multi-Year High

Ethereum rose 7% on Saturday night, reaching $4,300—its highest price since December 2021. This gain places ETH among the top 25 largest global assets by market value.

The price increase coincides with Ethereum’s funding rate climbing to 0.0179, a nine-month high, signaling more leveraged long positions. While this reflects bullish sentiment, it also raises the risk of sharp price corrections if momentum reverses.

The recent inflows from ETFs and corporate buying further indicate renewed confidence in ether. However, investors should remain cautious, as elevated funding rates may lead to increased volatility.

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