Spot Ether ETFs 15-day inflow streak accumulates $837.5M inflows

US-based spot Ether exchange-traded funds (ETFs) have just recorded a third consecutive trading week of inflows. If next week follows suit, the current inflow streak alone may surpass $1 billion in total inflows.

On June 6, spot EtherETH$2,492ETFs posted $25.3 million inflows for the trading day, extending the streak to 15 consecutive inflow days,accordingto Farside data.

Ether ETF inflow streak brings in a significant amount of net total

The current inflow streak since May 16 has now brought in $837.5 million, roughly 25% of the total $3.32 billion in net inflows since spot Ether ETFs launched in July 2024.

If the pattern continues into the coming week, an additional $162.5 million in inflows would push the streak’s total to $1 billion.

In contrast, spot BitcoinBTC$104,921ETFs saw its inflow streak break on May 29, with $346.8 million in outflows. Since then, flows have been volatile, with a mix between inflow and outflow days.

Meanwhile, the spot price of Ether is up 31.23% over the past 30 days, trading at $2,490 at the time of publication,accordingto CoinMarketCap data.

Cointelegraph recently reported that a multi-year gold fractal is making a strong case for an Ether price rally toward$6,000 in the coming months.

Technical analystCrypto Eaglessaid on June 3 that Ether appears to be repeating in the current 2024–2025 cycle, potentially setting the stage for a new all-time high.

Ether’s current all-time high of $4,878 was reached in November 2021,accordingto CoinGecko data.

Related:Ether poised for ‘significant breakout’ as ETH price strengthens vs BTC

Some industry commentators believe that adding staking to spot Ether ETFs is necessary for a stronger performance in the long run.

On May 31, Cointelegraph reported that thefirst Ethereum and Solana staking ETFscould debut in the United States within weeks following a recent filing by ETF provider REX Shares.

ETF analyst James Seyffart said that, while the launch date is still unknown, the firm used “regulatory workarounds to get these products to market.”

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