Ethereum spot ETF sees highest daily inflow in over a month

The United States spot Ethereum exchange-traded funds recorded their highest daily cash inflow on Monday since May 5. According to data from SoSoValue analyzed by Finbold on June 9, the U.S. spot Ethereum ETFs registered a net cash inflow of $82.37 million on June 8. At press time, these funds hold $9.36 billion in total assets.

The notable shift in these funds was largely driven by BlackRock’s iShares Ethereum Trust (ETHA) and iShares Staked Ethereum Trust ETF (ETHB), which closed the day with combined inflows of approximately $44.72 million. Additionally, the Fidelity Ethereum Fund (FETH) played a crucial role, attracting $28.57 million, the highest since May 5. Other notable contributions came from the Grayscale Ethereum Mini Trust and the Bitwise Ethereum ETF, with net cash inflows of $8 million and $3.02 million, respectively.

Ethereum price outlook amid potential spot ETF demand shift

Ethereum price could be following the trend shift in U.S. spot ETFs. The large-cap altcoin dropped from trading above $2,347 on May 5 to retest its multi-year support level around $1,568. During this period, the U.S. spot Ethereum ETFs recorded a net cash outflow of approximately $885.6 million.

However, Ethereum price experienced a relief rally, reaching a local high of slightly above $1,706 on Monday, following notable cash inflows into U.S. spot ETFs. At press time, Ethereum price traded at about $1,639.9, down 30.14% over the past 30 days.

What could happen next

If spot Ethereum ETFs continue to record net daily cash inflows over the coming days, the altcoin could form its bear-market bottom. But if inflows reverse, we might see further downside. It’s a delicate balance—the ETF flows are becoming a key signal for short-term price direction, but broader market sentiment and macroeconomic factors still play a big role. Some analysts are cautiously optimistic, though they note that one day of strong inflows doesn’t guarantee a lasting trend.

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