The market for spot exchange-traded funds tracking major cryptocurrencies in the United States saw renewed investor interest in mid-May, particularly for Ethereum products. Data from May 14th highlighted significant capital inflows into both ETH and Bitcoin funds, marking a positive trend after periods of varied performance.
US Spot Ethereum ETF Activity
On May 14th, US-based spot Ethereum ETFs experienced their most substantial single-day capital infusion since the beginning of the month, attracting a total of $63.47 million. This positive trend marked the second consecutive trading day with net inflows for this segment of the market, indicating growing appetite among investors for exposure to Ethereum through regulated investment vehicles.
The majority of these inflows were concentrated in two specific funds. BlackRock’s ETHA fund saw the largest portion, pulling in $57.61 million. Fidelity’s FETH fund also recorded positive activity, receiving $5.86 million in capital on the same day.
US Spot Bitcoin ETF Performance
Simultaneously, the US spot Bitcoin ETF sector also recorded strong performance on May 14th, with total net inflows reaching $319.56 million. This followed a pattern of generally positive flows observed throughout May, with funds based on the leading cryptocurrency experiencing only two instances of net outflows since the start of the month.
Several prominent Bitcoin ETFs contributed to this positive figure. BlackRock’s IBIT fund led the pack with inflows of $232.89 million. Other funds that attracted significant capital included Fidelity’s FBTC ($36.13 million), BTC ($35.23 million), HODL ($7.32 million), ARKB ($5.16 million), and BITB ($2.82 million).
Other Market Segments
While the US market showed robust activity for both Ethereum and Bitcoin spot ETFs, other regions did not exhibit similar trends on May 14th. Specifically, spot Bitcoin and Ethereum ETFs listed in Hong Kong reported no significant capital movement on that day.
BlackRock’s Ethereum Trust Update
In related news concerning the Ethereum ETF landscape, BlackRock recently submitted updated documentation to the United States Securities and Exchange Commission (SEC) regarding its iShares Ethereum Trust (ETHA). The revised filing included provisions that would allow for the redemption of shares not only in cash but also directly in Ethereum, offering potentially more flexibility for authorized participants.
Chris brings over six years of hands-on experience in cryptocurrency, bitcoin, business, and finance journalism. He’s known for clear, accurate reporting and insightful analysis that helps readers stay informed in fast-moving markets. When he’s off the clock, Chris enjoys researching emerging blockchain projects and mentoring new writers.