Ethereum ETFs Pause After Record Inflows, Analysts Remain Bullish

After eight straight days of gains, U.S. spot Ethereum exchange-traded funds (ETFs) finally slowed down on October 10. The funds recorded small net outflows of $8.7 million, ending an inflow streak that brought in nearly $2 billion. While the pause caught attention, analysts say the market remains stable. They pointed to strong trading volumes in Ethereum (ETH).

A Short Break After a Strong Streak

According to the revealed data, Ethereum’s latest eight-day run was the largest since August, when Ethereum ETFs attracted $3.7 billion. It was also the fourth biggest overall since their launch. Notably, the longest streak remains the $5.4 billion inflow achieved over 20 days in July.

On Thursday, Fidelity’s FETH led the decline, recording $30.3 million in outflows. Smaller losses were seen across Bitwise’s ETHW, VanEck’s ETHV, 21Shares’ CETH, and Invesco’s QETH. 

In contrast, BlackRock’s ETHA remained the only ETF in positive territory, gaining $39.3 million on Wednesday. That pushed its total inflows to $1.4 billion over the past nine days. The other funds did not see any inflows for the day.

ETH ETF Trading Activity Remains Strong

Even with the slight dip in net inflows, trading activity across Ethereum ETFs remained strong. 

On October 9, the funds generated $2.31 billion in trading volume, keeping up with the high levels seen over recent months. BlackRock’s ETHA once again led the market with $1.65 billion in trades, followed by Grayscale’s ETH with $213.5 million, and Fidelity’s FETH with $185 million. 

At the same time, U.S. spot Bitcoin ETFs kept drawing investors, adding $197.8 million on Thursday. 

That extended their nine-day inflow streak to $5.96 billion, showing steady interest across both major crypto assets. This parallel rise in Bitcoin and Ethereum ETF activity highlights the growing strength and maturity of the digital asset investment market in the United States.

Analysts See Continued Growth Amid Small Pullback

According to Timothy Misir, Head of Research at BRN, the market remains calm and balanced despite the brief slowdown. 

He said Ethereum is now trading between $4,250 and $4,500. This comes as traders are preparing for upgrades that will make the network faster and bigger.

Misir said the recent rally is healthy, with stable futures and options data showing a strong market. 

He noted that institutions help keep Ethereum stable, and long-term trends still support growth. These include improved liquidity, wider business adoption, and steady fund inflows.

As of Thursday, Ethereum was trading at $4,337, down 2.5% for the day and 2.9% over the past week. While prices have softened slightly, BitMine’s Tom Lee predicted that Ethereum could hit $12,000 by year-end.