Ethereum ETF flows
11 spot ETFs · since 23 Jul 2024 · 559 trading days
On Fri 30 Oct Ethereum ETFs saw −$155.7M of net outflow — ETHA −$76.6M and ETH −$34.1M lost the most; the 5th outflow day in a row. 8 of 11 funds have reported for Fri 30 Oct so far. Read the issue
Partial
8 of 11 funds reported for Fri 30 Oct. Not reported yet: ETHV, EZET, QETH. The day total is recomputed as they arrive.
Net flow · Fri 30 Oct
Funds−$155.7M Outflow
Top inflow · outflow
Streak
Records5 outflow days in a row
since Mon 26 Oct · −$431.4M over the run
Avg entry vs close
By fund−24.1% −$4.31B
Avg entry$2,975
ETH · Close 30 Oct$2,258
Avg entry below close2 of 11
Unrealised · our estimate from daily creations and redemptions, not an issuer report
ETF cost basisNet assets
Issuers$13.44B
coins held by the 11 funds at market value
Cumulative net flow+$12.30B
Net flow YTD−$41.8M
ETH price$2,258 +1.04%
Close Fri 30 Oct$2,240
Ethereum ETF daily net flow and ETH price
30 trading days: −$962.2M net · 9 inflow days / 21 outflow days
$M · bars: net flow of 11 funds · dashed: ETH price, own scale · T+1Open dashboard
Ethereum ETF flows by fund, day by day
Last 10 trading days, US$ m, newest first. A date opens that day’s issue, a ticker opens the fund.
| Day | ETHABlackRock · 0.25% | FETHFidelity · 0.25% | ETHGrayscale · 0.15% | ETHBBlackRock · 0.25% | ETHWBitwise · 0.20% | ETHVVanEck · 0.20% | EZETFranklin Templeton · 0.19% | MSSEMorgan Stanley · 0.14% | TETH21Shares · 0.21% | QETHInvesco · 0.25% | ETHEGrayscale · 2.50% | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fri 30 Oct | −76.6 | −3.3 | −34.1 | −19.5 | 0 | — | — | −0.7 | 0 | — | −21.5 | −155.7 |
| Thu 29 Oct | −71.7 | +2.9 | −5.6 | −15.6 | 0 | — | 0 | 0 | 0 | 0 | −15.5 | −105.5 |
| Wed 28 Oct | −44.8 | +18.8 | +3.6 | 0 | 0 | 0 | 0 | +1.0 | 0 | 0 | 0 | −21.4 |
| Tue 27 Oct | −93.3 | +28.6 | +4.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −60.2 |
| Mon 26 Oct | −104.7 | +16.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −88.6 |
| Fri 23 Oct | 0 | +3.6 | 0 | 0 | 0 | 0 | 0 | +0.8 | 0 | 0 | 0 | +4.4 |
| Thu 22 Oct | −75.5 | +2.4 | −10.7 | −17.2 | 0 | 0 | 0 | 0 | 0 | 0 | −9.6 | −110.5 |
| Wed 21 Oct | −29.3 | +13.0 | +28.1 | 0 | +0.9 | 0 | +0.9 | +1.3 | 0 | 0 | 0 | +14.9 |
| Tue 20 Oct | −33.0 | +3.6 | +3.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −26.2 |
| Mon 19 Oct | −95.4 | −6.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −1.9 | −103.3 |
| 10 days | −624.3 | +79.7 | −10.9 | −52.3 | +0.9 | 0 | +0.9 | +2.4 | 0 | 0 | −48.5 | −652.0 |
| Fund | 30 Oct | 29 Oct | 28 Oct | 27 Oct | 26 Oct | 23 Oct | 22 Oct | 21 Oct | 20 Oct | 19 Oct |
|---|---|---|---|---|---|---|---|---|---|---|
| ETHA | −76.6 | −71.7 | −44.8 | −93.3 | −104.7 | 0 | −75.5 | −29.3 | −33.0 | −95.4 |
| FETH | −3.3 | +2.9 | +18.8 | +28.6 | +16.1 | +3.6 | +2.4 | +13.0 | +3.6 | −6.0 |
| ETH | −34.1 | −5.6 | +3.6 | +4.5 | 0 | 0 | −10.7 | +28.1 | +3.3 | 0 |
| ETHB | −19.5 | −15.6 | 0 | 0 | 0 | 0 | −17.2 | 0 | 0 | 0 |
| ETHW | 0 | 0 | 0 | 0 | 0 | 0 | 0 | +0.9 | 0 | 0 |
| ETHV | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EZET | — | 0 | 0 | 0 | 0 | 0 | 0 | +0.9 | 0 | 0 |
| MSSE | −0.7 | 0 | +1.0 | 0 | 0 | +0.8 | 0 | +1.3 | 0 | 0 |
| TETH | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| QETH | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| ETHE | −21.5 | −15.5 | 0 | 0 | 0 | 0 | −9.6 | 0 | 0 | −1.9 |
| Total | −155.7 | −105.5 | −21.4 | −60.2 | −88.6 | +4.4 | −110.5 | +14.9 | −26.2 | −103.3 |
— = the fund has not reported that day · 0 = reported, no creations or redemptions · fill shows the sign
Ethereum ETFs ranked by daily flow
11 funds · click a header to re-sort · tick up to four funds to compare them side by side
| Compare | Fund | Details | |
|---|---|---|---|
| ETHWBitwise Ethereum ETFBitwise | 0 | ||
| TETH21Shares Core Ethereum ETF21Shares | 0 | ||
| MSSEMorgan Stanley Ethereum TrustMorgan Stanley | −$0.7M | ||
| FETHFidelity Ethereum FundFidelity | −$3.3M | ||
| ETHBiShares Ethereum Staking ETFBlackRock | −$19.5M | ||
| ETHEGrayscale Ethereum TrustGrayscale | −$21.5M | ||
| ETHGrayscale Ethereum Mini TrustGrayscale | −$34.1M | ||
| ETHAiShares Ethereum TrustBlackRock | −$76.6M | ||
| ETHVVanEck Ethereum ETFVanEck | —not reported | ||
| EZETFranklin Ethereum ETFFranklin Templeton | —not reported | ||
| QETHInvesco Galaxy Ethereum ETFInvesco | —not reported | ||
| Total · 11 funds | −$155.7M |
Share price: last daily close · share = fund’s part of all positive cumulative flow
Avg entry — the average price per coin the fund's clients paid, our estimate from daily creations and redemptions, not an issuer report · as of 30 Oct 2026
ETF holders’ average entry vs price
Ethereum · how the gap to the waterline changed over time
Average entryPrice, daily averageabove entrybelow entry
entry$2,975price$2,258
Price below entry: 679 of 831 days · Entry: our estimate from daily creations and redemptions. Price: the coin’s volume-weighted average for each day; the last day uses the latest price.ETF cost basis
Clients’ average entry is below the ETH close in 2 of 11 Ethereum ETFs
Average entry (hollow) vs ETH close $2,257 (solid) · 30 Oct · sorted by gap
- MSSEMorgan Stanley+5.1%+$2.3Mentry $2,148
- ETHBBlackRock+0.8%+$6.2Mentry $2,240
- TETH21Shares−8.8%−$2.5Mentry $2,474
- FETHFidelity−16.0%−$270.3Mentry $2,687
- QETHInvesco−17.3%−$4.2Mentry $2,729
- ETHVVanEck−24.8%−$34.1Mentry $3,002
- ETHABlackRock−24.8%−$2.33Bentry $3,003
- ETHGrayscale−26.1%−$728.7Mentry $3,054
- ETHWBitwise−27.9%−$98.0Mentry $3,129
- EZETFranklin Templeton−31.1%−$20.8Mentry $3,275
- ETHEGrayscale−32.9%−$840.3Mentry $3,362
The gap is unrealised and before fees.
Streaks and records
descriptive, not a signal- Current outflow run
- 5 days · since 26 Oct
- Largest inflow, all time
- +$1.02B · 11 Aug 2025
- Largest outflow, all time
- −$465.1M · 4 Aug 2025
- Inflow days in 2026
- 99 of 209
- Best month
- +$5.43B · Jul 2025
- Worst month
- −$1.61B · Oct 2026
All records · 30D / 90D / 1Y
| Window | Largest inflow | Largest outflow |
|---|---|---|
| Last 30 trading days | +$270.1M21 Sep 2026 | −$201.9M6 Oct 2026 |
| Last 90 trading days | +$270.1M21 Sep 2026 | −$224.1M16 Sep 2026 |
| Last 12 months | +$270.1M21 Sep 2026 | −$297.6M21 Jan 2026 |
Trading days only. A day where a fund has not reported is skipped, not counted as zero.
Who takes the inflows · YTD
gross inflow by fund- ETHA51%
- FETH19%
- ETH11%
- Others18%
ETHA alone took 51% of the gross inflows this year. Net outflows this year: ETHA (−$700.6M), FETH (−$220.4M), ETHW (−$1.5M), ETHV (−$18.1M), QETH (−$0.3M), ETHE (−$490.7M).
Staking in Ethereum ETFs
6 of 11 Ethereum ETFs stake · ≈1.83M ETH staked, 30.3% of the Ethereum held by ETFs
- ETHB BlackRock76% staked · 1.51%
- FETH Fidelity27% staked
- TETH 21Shares34% staked · 1.09%
- ETHE Grayscale82% staked · 2.02%
- ETH Grayscale80% staked · 2.43%
- MSSE Morgan Stanley70% staked · 1.37%
Institutions in Ethereum ETFs: 13F holders
726 institutions held Ethereum ETFs on June 30, 2026, worth $1.74B across 10 funds. ETHA had both the most institutional money ($872M) and the most holders (454). Holders fell from 779 in Q1 2026; share counts rose in 4 of 10 funds.
13F filings for the quarter ended Jun 30, 2026 · next update after Nov 14, 2026 · What is a 13F?
Institutions holding726−53 vs Q1 26
Reported value$1.74Bat Jun 30 prices
Net change in shares−$325M−24.1M · −15.8% vs Q1 26
Funds with holders10of 10 Ethereum ETFs tracked
Reported in 13F≈21%of Ethereum ETF shares outstanding on Jun 30
Holder mix by value · our classificationshare of the $1.74B
- Bank & broker 34.0%
- Market maker 15.8%
- Hedge fund 11.5%
- Asset manager 8.2%
- Crypto firm 0.8%
- Pension & sovereign 0.3%
- Endowment & foundation 0.2%
- Wealth adviser 19.0%
- Other managers 10.2%
Largest Ethereum ETF holders
| # | Holder | Type · our classification | Funds held | Value | Change in shares, q/q |
|---|---|---|---|---|---|
| 1 | Goldman SachsNew York · Bank & broker | Bank & broker | ETH, ETHA, ETHB | $212M | +4.0M +41% |
| 2 | Morgan StanleyNew York · Bank & broker | Bank & broker | ETH, ETHE, ETHW, FETH, ETHA, EZET, QETH, ETHB | $132M | +1.6M +20% |
| 3 | Wells FargoSan Francisco · Bank & broker | Bank & broker | ETH, ETHE, ETHW, FETH, ETHA | $121M | +8.9M +645% |
| 4 | Jane StreetNew York · Market maker | Market maker | ETH, ETHE, ETHV, ETHW, FETH, ETHA, QETH, TETH, ETHB | $113M | −4.9M −35% |
| 5 | BlackRockNew York · Asset manager | Asset manager | ETHA, ETHB | $94.7M | −37K −1% |
| 6 | Kaleidoscope CapitalBoston · Hedge fund | Hedge fund | ETH, FETH, ETHA, ETHB | $81.3M | +1.7M +44% |
| 7 | Susquehanna InternationalBala Cynwyd · Market maker | Market maker | ETH, ETHE, ETHW, ETHA, ETHB | $63.4M | −5.1M −54% |
| 8 | IMC-ChicagoChicago · Market maker | Market maker | ETH, FETH, ETHB | $37.7M | −4.2M −64% |
| 9 | Mangrove Partners IMGreenwich · Hedge fund | Hedge fund | ETH | $33.6M | −1.3M −37% |
| 10 | Tidal InvestmentsMilwaukee · Asset manager | Asset manager | ETH, ETHA | $25.6M | +66K +3% |
Who added and who cut in Q2 2026
Added
- Wells FargoBank & broker+$105M
- Goldman SachsBank & broker+$75.5M
- Kaleidoscope CapitalHedge fund+$29.9M
- Bank of AmericaBank & broker+$22.8M
- Morgan StanleyBank & broker+$19.6M
Cut
- Millennium ManagementHedge fund−$248M
- Jane StreetMarket maker−$65.8M
- Susquehanna InternationalMarket maker−$65.0M
- IMC-ChicagoMarket maker−$48.8M
- Schonfeld Strategic AdvisorsHedge fund−$42.0M
Change in shares, valued at Jun 30 prices
Long positions on the last day of the quarter, as filed by managers over $100M. Shorts, futures and retail investors are not in 13F. Changes are in shares, so the coin price does not move them.
Other crypto ETF flows
Net flow on each asset’s latest reported day · cumulative net flow on the right
Bitcoin
Solana
XRP
Hyperliquid
Chainlink
Hedera
Avalanche
Dogecoin
Litecoin
Sui
Polkadot
BNB
NEAR
Tron
ZcashWhat the Ethereum ETF flow data is telling us
Ethereum ETF complex has attracted +$12.30B in cumulative net flow since 23 Jul 2024, with current assets under management of $13.44B across 9 issuers.
Ethereum ETF flows show how much money is moving into and out of U.S. spot Ethereum exchange-traded funds each day — a daily read on institutional demand for ETH.
What Ethereum ETF flows tell you
A spot Ethereum ETF provides regulated, exchange-listed exposure to the ETH price without the need to hold or custody the token. Inflows occur when issuers create shares and buy more ETH; outflows occur when shares are redeemed. The daily net flow is the balance of those across all funds.
U.S. spot Ethereum ETFs launched in mid-2024, giving institutions a familiar wrapper for ETH exposure. Their daily flows are a cleaner signal of institutional demand than price alone, and they let you see how investor appetite for Ethereum is evolving relative to Bitcoin.
A detail specific to Ethereum is staking: U.S. spot ETH ETFs have historically not passed through staking rewards, which affects how the product compares with holding ETH directly. As that treatment evolves, it can change the relative attractiveness of these funds and therefore their flows.
What drives Ethereum ETF inflows and outflows
- ETH price momentum and volatility — strong trends attract allocation flows; sharp drops can prompt redemptions.
- Rotation versus Bitcoin — capital frequently moves between BTC and ETH products as relative narratives shift.
- Staking treatment — whether and how staking rewards are captured affects demand relative to holding ETH directly.
- Issuer rotation — like Bitcoin, outflows from an older converted trust can weigh on the net figure.
- Macro and risk appetite — higher-beta ETH tends to see stronger inflows in risk-on environments.
- Ecosystem catalysts — upgrades, scaling milestones and on-chain activity can shift institutional interest.
How to read the data on this page
The daily net flow shows whether the funds collectively gained money (inflow, green) or lost it (outflow, red) on a day. The cumulative line sums daily flows to approximate net capital into Ethereum ETFs since launch.
The issuer breakdown shows each fund's share of assets, revealing whether demand is concentrated or broad. Comparing Ethereum's flows with Bitcoin, Solana and XRP shows how much of overall crypto-ETF demand ETH is capturing.
Flow figures are expressed in U.S. dollars (millions) and refreshed every business day. A positive number is a net inflow; a negative number is a net outflow.