Ethereum spot ETFs are on fire! The 20-day streak of net inflows just hit a new record, bringing in a cool $17 million on Thursday.

If you’re thinking, “That’s impressive,” you’d be right; this is the longest positive flow streak since the ETFs launched. BlackRock’s ETHA took the lead with $18.2 million, while Fidelity’s FETH followed up with $5.62 million. But not everything is sunshine and rainbows—Grayscale’s ETHE saw a net outflow of $6.8 million. Oh well, not everyone’s having a good day.

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ETF inflow. Source: SoSoValue

The current 20-day streak beats the previous record of 19 days (from May 16 to June 12) not only in length but also in the amount of cash flowing in. That earlier streak saw $1.37 billion in inflows, but this one has already hit nearly $5.4 billion. Yep, that’s right. The spot ETH ETFs now hold a hefty $21.52 billion in total net assets, which is around 4.77% of the total Ethereum market cap. Talk about a powerhouse.

Bitcoin ETFs Slow Down

In case you’re wondering why this is happening, market analyst Min Jung nailed it: it’s a natural shift from BTC to ETH. With Bitcoin’s price having already surged past $123,000, many investors are feeling like they missed the boat and are jumping onto the Ethereum train. Meanwhile, spot Bitcoin ETFs have cooled off, posting outflows of $114.83 million on Thursday. Ouch.

But wait, there’s more! U.S. issuers are eyeing altcoins like Solana, XRP, and Dogecoin for their own spot ETFs. Grayscale, Franklin Templeton, and Canary Capital are already making moves, filing amendments for spot Solana ETFs with the SEC. This could be the start of something big, especially with SEC Chair Paul Atkins declaring that “most crypto assets are not securities.” Looks like the regulatory climate is finally warming up for more crypto-related products.

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