<\/p>\n
Ethereum exchange-traded funds (ETFs) defy broader market downturn, holding steady with fresh inflows despite token\u2019s struggles.<\/p>\n
On June 5, 2024, Ethereum ETFs recorded total inflows of $11.3 million, according<\/a> to data from SosoValue. This marked the continuation of a positive trend that began earlier in the week, pushing their inflow streak to 14 consecutive days.<\/p>\n However, the latest numbers reflected a notable drop from previous days. BlackRock\u2019s ETHA was solely responsible for all the inflows, pulling in approximately $34.7 million. Offsetting the gains, Fidelity\u2019s FETH recorded outflows of $23.4 million, while other issuers saw no activity.<\/p>\n Still, the performance marked a win for the funds, especially when compared to ETH\u2019s recent price action. Trading at hands at $2,478 at press time, the token is down approximately 6% in the past two weeks. ETH now sits roughly 33% below its 2025 high of around $3,700, reached earlier in January.\u00a0<\/p>\n <\/p>\n Despite a few short-lived rallies sparking hopes of a recovery, the token has largely struggled as macroeconomic factors and fading investor confidence threaten its upward momentum.<\/p>\n Meanwhile, Bitcoin ETFs failed to mirror their ETH counterparts, shedding<\/a> $278 million in outflows on the same day. This was likely triggered by Thursday\u2019s sharp price drop, which followed the headline-grabbing feud between US President Donald Trump and tech CEO Elon Musk.<\/p>\n BTC led a broader market decline, slipping 3% and falling back to the $100,000 price range. In the bigger picture, Bitcoin ETF flows have swung inconsistently between inflows and outflows in the past weeks, reflecting continued investor uncertainty around the token\u2019s performance.<\/p>\n