Spot Ethereum exchange-traded funds (ETFs) had a strong performance recently, attracting $452.72 million in net inflows on Friday and extending their streak to 16 consecutive trading days. BlackRock’s iShares Ethereum Trust (ETHA) led the pack with $440.10 million in daily net inflows, reaching a total of $10.69 billion in assets. Other funds like Bitwise's ETHW and Fidelity’s FETH followed but saw significantly lower inflows. Meanwhile, Grayscale’s ETHE faced a $23.49 million redemption, amounting to a substantial cumulative outflow of $4.29 billion. Overall, these ETFs have seen net inflows of $9.33 billion since launch, now representing 4.64% of Ethereum’s market cap. The continuous influx is attributed to increased institutional interest in Ether, particularly in DeFi, staking, and smart contracts. Bitwise's Chief Investment Officer, Matt Hougan, anticipates demand for Ether ETPs could hit $20 billion within the next year, outpacing potential network supply.

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