Ethereum gains 90% in Q3 – Can ETH breach its 2021 highs?
- Ethereum ETFs record 18 consecutive days of inflows, signaling rising institutional confidence.
- ETH outpaces BTC by nearly 50% since April, hinting at a potential altseason.
Ethereum ETFs are capturing renewed investor attention in the U.S., with spot Ethereum [ETH] exchange-traded funds witnessing a substantial $240.3 million in net inflows on the 11th of June.
It outpaced the $164.5 million seen by spot Bitcoin ETFs on the same day.
With this, Ethereum ETFs have now recorded 18 straight days of inflows.
BlackRock’s ETHA steals the spotlight
Leading the charge is BlackRock’s ETHA, which attracted $163.6 million in new capital, pushing its total holdings past 1.55 million ETH.
In fact, with assets under management now at $4.23 billion, ETHA has surpassed the $5 billion milestone in total inflows since inception.
Remarking on the same, ETF Store President Nate Geraci noted,
“18 straight days of inflows into spot eth ETFs… Nearly $250mil just today. And there’s still no staking or in-kind creations & redemptions. So early”.
In addition to BlackRock’s dominance, Grayscale’s Mini Ethereum Trust, ETHE fund, and Bitwise’s BITW also posted notable inflows.
Adding on, LVRG Research Director Nick Ruck highlighted,
“With the SEC signaling potential exemptions for DeFi, investors are increasingly viewing ETH as undervalued, especially as bitcoin hits record highs and altcoins rallied to all-time peaks last year,”
Ethereum vs. Bitcoin
Needless to say, Ethereum appears to be gaining the upper hand over Bitcoin [BTC] in the eyes of institutional investors, with ETH ETFs consistently attracting strong inflows.
Since hitting a low in April 2025, ETH has outpaced BTC by nearly 50%, indicating a shift in sentiment that some analysts interpret as the early stages of a potential altseason.
The ETH/BTC pair has seen a strong breakout, signaling growing bullish sentiment and encouraging capital flow into Ethereum-linked assets.
Even recently, spot Ethereum ETFs attracted $11.26 million in inflows on 5th June, in sharp contrast to the $278.44 million outflows from Bitcoin ETFs.
This sustained divergence, with ETH ETF inflows stretching over 16 consecutive days, underscores growing confidence in Ethereum’s long-term potential.
What’s driving Ethereum’s growth?
Well, Ethereum’s recent resilience in the face of market volatility appears to be underpinned by more than just price trends.
The network’s Pectra upgrade, rolled out earlier this year, has significantly improved scalability and efficiency, reinforcing its appeal to developers and institutions alike.
Therefore, as Bitcoin continues to dominate headlines, analysts suggest that Ethereum is benefiting from a spillover of institutional interest, with investors increasingly diversifying into ETH as Bitcoin positions grow saturated.
This is because, despite a modest price dip to $2,753.95, Ethereum’s momentum, driven by regulatory clarity, innovation, and infrastructure upgrades, suggests growing confidence in its long-term potential.
