Daily Ethereum ETF Net Flows (US)
Daily net flow into the US-listed spot Ether ETFs in USD millions since they launched on 23 July 2024. Green bars are net inflow days, red bars are net outflow days; hover any bar for the issuer breakdown. Refreshed twice a day from Farside Investors, with SoSoValue as the fallback.
Latest reading: US spot Ether ETFs recorded a net outflow of US$59.6 million on 30 September 2026, led by FETH (-US$26.6M) and ETH (-US$25.5M).
Trade the move the flows point to: Ether long or short. CFDs are leveraged and most retail accounts lose money.
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Each green bar is a net-inflow trading day for the combined US spot Ether ETFs; each red bar is a net-outflow day. Hover for the issuer breakdown. Click Fullscreen for a presentation-grade view.
Why Ether ETF flows matter
Before July 2024, a US institution that wanted Ether exposure had to use Grayscale's closed-end trust (which traded at a variable premium or discount), CME futures, or direct custody. The spot ETFs turned that demand into a published, issuer-by-issuer daily number.
- Creations are real Ether demand. When an authorised participant creates new ETF shares, the fund has to acquire the underlying Ether. Sustained inflows therefore remove ETH from the float; sustained outflows release it.
- A read on the rotation trade. Allocators tend to add Ether exposure late in a Bitcoin-led move. Comparing these flows with the Bitcoin ETF flows shows whether institutional money is rotating down the risk curve or staying with Bitcoin.
- Next-day, not real-time. Issuers report T+1, so the flows confirm what happened yesterday rather than predict today. They are most useful as a trend over one to four weeks.
ETHA, ETHE and the rest
- BlackRock ETHA dominates inflows. As with IBIT on the Bitcoin side, BlackRock's distribution through advisers and model portfolios has made ETHA the largest accumulator by a wide margin.
- Grayscale ETHE dominates outflows. ETHE converted from a trust with a large existing holder base and a much higher fee than its competitors. Those holders have been redeeming since launch day, which is why the aggregate can be negative even on days when ETHA takes in money.
- Grayscale's Mini Trust (ticker ETH) and Fidelity FETH follow. The Mini Trust, seeded with part of ETHE's holdings at a far lower fee, and FETH are the steady second tier. Bitwise, VanEck, 21Shares, Franklin Templeton, Invesco Galaxy and several newer listings make up the rest.
Ether vs Bitcoin ETF flows
Read the two charts together. When Bitcoin ETFs take in money and Ether ETFs do not, institutions are still concentrating in Bitcoin. When Ether flows pick up while Bitcoin flows flatten, the altcoin rotation is usually under way. The SatoshiMacro Model for Ethereum combines this kind of rotation signal with valuation, sentiment and macro inputs into one cycle reading.
Methodology
- Source. Farside Investors' public daily Ether ETF flow table (full history), with SoSoValue as the fallback when Farside is unreachable and as a daily cross-check.
- Funds covered. Every US-listed spot Ether ETF in the source table, including ETHA (BlackRock), FETH (Fidelity), ETHE and ETH (Grayscale), ETHW (Bitwise), ETHV (VanEck), QETH (Invesco Galaxy), EZET (Franklin Templeton), 21Shares and newer listings.
- Units. Each bar is the trading-day net flow across all funds in USD millions. Positive means creations exceeded redemptions.
- Update cadence. The data pipeline runs twice a day and the page rebuilds whenever the data changes.
- Static-first. If every source fails on a given run, the last good data is kept, so the chart always renders; the "Data through" line under the chart shows the latest trading day included.
Related tools
- Daily Bitcoin spot ETF flows - the same chart for the Bitcoin funds.
- Cumulative Bitcoin ETF flows - the running total since January 2024.
- SatoshiMacro Model (Ethereum) - the multi-signal Ether cycle reading.
- Ethereum power law - long-run valuation context.
- Altcoin Season Index - the rotation backdrop.
Frequently asked questions
US spot Ether ETFs recorded a net outflow of US$59.6 million on 30 September 2026, led by FETH (-US$26.6M) and ETH (-US$25.5M).
They show how much money went into or came out of the US-listed spot Ether ETFs on each trading day, in USD millions. A positive day means more shares were created than redeemed across the funds, so the issuers had to buy Ether; a negative day means net redemptions, so Ether was sold or released.
They began trading on 23 July 2024, about six months after the spot Bitcoin ETFs. Grayscale's ETHE converted from a closed-end trust on the same day, which is why its large early outflows show up from day one.
BlackRock's ETHA has taken the large majority of net inflows since launch, followed by Fidelity's FETH and Grayscale's lower-fee Mini Trust (ETH). Grayscale's original ETHE, which carries a much higher fee, has been the main source of outflows as legacy holders rotated out.
Three reasons: the Bitcoin funds had a six-month head start and a larger allocator base, Ether is still treated by many advisers as a second, higher-risk position, and staking inside the funds is newer and not offered by every issuer, so many ETF holders still give up the staking yield a direct holder can earn. Flows into Ether funds tend to arrive in bursts when the ETH/BTC ratio is rising.
Issuer-by-issuer daily flows come from Farside Investors, with SoSoValue as a fallback source. The site's data pipeline runs twice a day (07:30 and 13:30 Sydney time); the issuers report T+1, so a US trading day's flows usually appear on this page the following Sydney afternoon.
Many Australian brokers with US market access let you buy ETHA, FETH and the others directly. There are also Australian-listed Ether ETFs. Alternatively, you can hold ETH directly on an AUSTRAC-registered exchange or trade Ether CFDs with an ASIC-regulated broker. Each route has different fees, tax treatment and custody risk.
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