Spot Ethereum ETFs recorded 10 consecutive days of inflows from April 11 to 22, 2026, with cumulative net inflows reaching $633 million — the longest streak since launch in July 2024.
Why are institutions buying ETH ETFs now?
Three structural reasons are driving institutional demand:
Staking yield potential: BlackRock is pursuing SEC approval to add staking functionality to ETHA. With Ethereum staking yields at ~3-4% annually — comparable to 2-year Treasury yields — a staking-enabled ETH ETF becomes a productive alternative asset.
Stablecoin infrastructure play: With the US GENIUS Act advancing, banks may soon issue and manage stablecoins. Ethereum processes the majority of global stablecoin transactions, positioning it as a first-layer payment infrastructure.
Supply scarcity mechanics: Every dollar flowing into ETH ETFs forces issuers to buy spot ETH. With annual new ETH issuance around 600,000 coins, ETF inflows could outpace new supply.
BTC vs ETH ETF: the 9.8x gap
Bitcoin ETF total AUM stands at ~$128 billion vs. Ethereum ETF's ~$13 billion. Yet cumulative inflow growth shows only a 4.5x gap — ETH ETFs are growing faster relative to AUM.
ETH price scenarios:
- Bullish (25%): $3,000-3,500 — GENIUS Act passing + staking approval
- Base case (55%): $2,200-2,600 — steady inflows, macro neutral
- Bearish (20%): Below $1,800 — SEC staking rejection + recession
For the full analysis in Korean, visit Snakestock
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