Ethereum ETFs Add $29.4M Friday As Fidelity Leads Reported Flows

TL;DR

• U.S. Ethereum ETFs recorded $29.4 million in net inflows on September 18.
• Fidelity’s FETH brought in $26.2 million.
• The move followed three consecutive sessions of net outflows.

Ethereum ETF flows finally turned positive on Friday, although the rebound was considerably smaller than the one seen in Bitcoin funds.

U.S. spot Ethereum ETFs recorded $29.4 million in combined net inflows on September 18, according to Farside Investors. Fidelity’s FETH was responsible for $26.2 million of that figure.

Bitwise’s ETHW added $1.3 million and VanEck’s ETHV brought in $1.9 million. The remaining funds reported no net movement for the session.

It wasn’t a huge day, but after the previous few sessions, green was probably welcome.

Three Difficult Sessions Came First

Ethereum funds had been under steady pressure heading into Friday.

September 15 produced a $142 million net outflow, followed by another $224.1 million leaving the funds on September 16. September 17 added a further $39.3 million in redemptions.

That means Friday’s $29.4 million inflow only recovers a small portion of the money that left earlier in the week.

Still, the composition is interesting.

Fidelity was the clear buyer, while BlackRock’s ETHA recorded no net flow after being one of the major sources of outflows earlier in the week.