Crypto
Blackrock Celebrates The First Ethereum ETF At Nasdaq's Closing Bell
BlackRock celebrates the release of the company's first ethereum ETF in 2024 (Michael M. Santiago/Getty Images)
Watch out bitcoin

Ethereum spot ETFs see 10 consecutive days of positive inflows

The ongoing streak of positive inflows is the longest since last December, when ethereum was trading near the $4,000 mark.

Sage D. Young

Ethereum spot ETFs recorded their longest streak of positive inflows this year. 

Between May 16 and Friday, May 30, spot ethereum ETFs haven’t had a negative day and total flows in the period exceeded $556 million, crypto research platform SoSoValue shows. 

The price of ethereum has remained flat in the last 24 hours, but has risen 38% in the last 30 days to trade at the $2,500 level, outpacing bitcoin, XRP, solana, and dogecoin, per CoinGecko. Ethereum now has a market capitalization of $308 billion. 

The last time ethereum registered at least 10 days of positive inflows was in December 2024, when the cryptocurrency was trading close to $4,000. 

The recent flows into spot ethereum ETFs “reflect a broadening base of investors (quite likely non-crypto natives) who are coming around to understand the value of the ethereum network,” Jim Hwang, COO of crypto investment firm Firinne Capital, said to Sherwood News. 

Glenn Rosenberg, an independent crypto adviser and former COO of ML Tech, said the inflows suggest growing evidence of portfolio rebalancing from bitcoin to ethereum. 

bitcoin saw outflows of more than $974 million on Thursday and Friday. On Friday, BlackRock’s spot bitcoin ETF saw $430.8 million in outflows, while the asset manager’s spot ethereum ETF saw $70.2 million in inflows, per SoSoValue.

“Analysts have flagged ongoing capital rotation from BTC to ETH, supported by the contrast between outflows in BTC ETFs and consistent inflows into ETH ETFs,” Rosenberg told Sherwood. “This shift points to early rebalancing strategies as ethereum vehicles gain traction.” 

Rosenberg also highlighted combined ETF allocations that mix ethereum and bitcoin, such as Hashdex’s product. “These trends suggest that institutional and retail investors are beginning to adjust their crypto exposure, using spot ETH ETFs to bring portfolios closer to long-term target weights,” Rosenberg said. 

Cumulative net inflows of spot ethereum ETFs stand over $3 billion, with ETFs from BlackRock and Fidelity leading the pack at $4.6 billion and $1.5 billion, respectively. Meanwhile, Grayscale’s ETF has seen the most outflows at roughly $4.3 billion, data from SoSoValue shows. 

The inflows come after sportsbook marketing firm SharpLink Gaming announced last week it’s embracing an ethereum treasury strategy. Last Friday, an SEC filing stated the firm intends to sell about $1 billion in shares of its common stock to acquire ethereum.

More Crypto

See all Crypto
Sage D. Young
2h
Hyperliquid is the “1,000 pound gorilla in the room” leading year-to-date market gains amid conflict in the Middle East

While the crypto industry has shed $564.3 billion in 2026, Hyperliquid’s native token has bucked the downtrend and jumped 54.8% year to date.

Gorilla
Yaël Bizouati-Kennedy
7h
Bitcoin tumbles as oil and gas prices spike and the market’s mood turns risk-off

Bitcoin ETFs reverted to outflows and bitcoin suffered $192 million in liquidations in the past 24 hours.

A Bitcoin ATM in Hong Kong...
crypto
Sage D. Young

Payward, parent company of crypto exchange Kraken, puts plans for IPO on hold

Payward, crypto exchange Kraken’s parent company, has paused its plans for an initial public offering until market conditions improve, according to a report from CoinDesk that cited two people with knowledge of the matter. 

Since the firm announced in November its preparation for an IPO of its common stock, the total market capitalization of the crypto industry has shed around $652.2 billion, from $3.2 trillion to $2.5 trillion as of Wednesday, data from CoinGecko shows. 

The news comes two weeks after Kraken received approval for a master account from the Federal Reserve Bank of Kansas City, allowing the crypto exchange to connect to the Fed’s payment infrastructure used by traditional banks and credit unions. 

Last year, Kraken raised $800 million at a $20 billion valuation from institutional investors such as Jane Street and Citadel Securities.

Payward, parent of crypto exchange Kraken, has put its IPO plans on hold

Payward, parent of crypto exchange Kraken, has put its IPO plans on hold

The news comes two weeks after Kraken received approval for a master account from the Federal Reserve Bank of Kansas City, allowing the crypto exchange to connect to the Fed’s payment infrastructure used by traditional banks and credit unions. 

Last year, Kraken raised $800 million at a $20 billion valuation from institutional investors such as Jane Street and Citadel Securities.

crypto
Sage D. Young

SEC and CFTC issue new guidance on how securities laws apply to crypto assets

On Tuesday, the US Securities and Exchange Commission, together with the Commodity Futures Trading Commission, issued an interpretation clarifying how federal securities law applies to crypto assets, a first step toward developing a clearer regulatory framework. 

The interpretive guidance introduces a token taxonomy for different types of cryptocurrencies, with SEC Chairman Paul S. Atkins adding that “most crypto assets are not themselves securities.”

Examples of a digital commodity, “a crypto asset that is intrinsically linked to and derives its value from the programmatic operation of a crypto system that is ‘functional,’” include:

The guidance also includes definitions of digital collectibles (such as NFTs), stablecoins, digital tools, and digital securities (such as tokenized real-world assets and stocks).

This is a monumental step in the mainstream adoption of the industry and clears a hurdle in how crypto can operate going forward, according to David Pakman, head of venture investments at CoinFund. “This will allow new token designs with the confidence that their existence does not require registration with the SEC, etc.,” Pakman told Sherwood News.

Despite the clarification efforts from the two organizations, the market capitalization of the crypto industry has dropped about 2% in the last 24 hours as each of the tokens mentioned in the guidance are trading lower in the period, data from CoinGecko shows.

The joint agency action also complements congressional efforts to turn a crypto market structure framework into law. With the goal of providing regulations on the offer and sale of digital commodities, the CLARITY Act passed the House of Representatives last year and is now sitting in the Senate.

Yaël Bizouati-Kennedy
3/18/26
Citi analysts cut 12-month bitcoin projection to $112,000 from $143,000

The analysts’ bear-case scenario is $57,537, based on “recessionary macro-factors, especially weak equity markets,” which could cause ETF flows to stall.

Bitcoin ice carving

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Derivatives, LLC, or Robinhood Money, LLC. Futures and event contracts are offered through Robinhood Derivatives, LLC.
©2026 Sherwood Media, LLC