Bitwise Ethereum ETF (ETHW) Flows
Is money moving into ETHW or out?
The money added to ETHW or taken out of it each trading day.
Money in or out of ETHW, each trading day
Each bar is one trading day. An orange bar is a day more money came into ETHW than left, a blue bar a day more left than came in. The biggest day for money coming in was $204 million, on Jul 23, 2024. The biggest day for money leaving was $56 million, on Jan 2, 2025.
Inspect and compare dates
Pick two dates to compare the money moving through ETHW on each.
| Measure | Change | ||
|---|---|---|---|
| Money in or out | $2.24M | $0 | −$2.24M |
RIGHT NOW
Over the past month, more money has come into ETHW than has left. Buying
How much money has moved lately
Last trading day
Flat
Past week
Flat
Past month
Money in
1 days out, 6 days in
Is that fast or slow, for this fund
How much money has gone into ETHW, next to the other funds
Total money in
Everything invested in this fund since July 2024.
Share of all money in
Of everything that has flowed into the Ethereum ETFs since 2024.
All funds, past month
Money in
Moving with the pack. The funds as a group also saw money arrive this month.
How much of ETHW changes hands
Changed hands
What was bought and sold on 22 September 2026. Trading is not the same as money arriving.
That is 1.3% of the trading across the Ethereum funds that day.
What this means for you
More money is coming into ETHW than leaving.
Over the past month a net $6.4 million has flowed into ETHW. That's steady, unspectacular demand.
Each dollar in means the fund buys real Ethereum. Quiet, consistent buying like this is how the bigger funds built their piles in the first place.
Watch whether it builds into a heavier pace or fades back to balanced. Compare it with the all-funds page to see if the whole group is leaning the same way.
What to watch from here
- A net $6.4 million came into ETHW this past month. That's steady demand.
- Whether the buying builds or fades back to balanced.
- The all-funds page shows if the whole group leans the same way.
Understanding
Bitwise Ethereum ETF (ETHW) Flows
Where it stands today
Bitwise Ethereum ETF (ETHW) has taken in $398 million since it launched as of .
$13 million worth of Bitwise Ethereum ETF (ETHW) changed hands as of .
Money in and out is the dollars people put into ETHW or took out of it. When more people buy new shares than cash theirs in, the fund takes in money and buys Ethereum with it. When more cash out, it pays them, and gives up coins to do it.
The Each day tab is one bar per trading day: orange when more money came in than went out, blue when more went out. The Running total adds every day up since July 2024, so it climbs while money arrives and falls while it leaves.
The reading at the top of this page judges the past month against ETHW's own history, so a fund that usually moves a little and one that usually moves a lot are each measured by their own yardstick.
The numbers
behind the chart
What does the current reading show?
Money in, running total: the latest reading is +$398M, on . The highest reading since is +$470M on ; the lowest is +$204M on .
Every dollar in and out of ETHW, added up day by day since July 2024. A day the fund did not trade carries the previous day's total.
What are the latest, highest and lowest readings?
| Measure | Latest | Highest | Lowest |
|---|---|---|---|
| Money in, running total | +$398M | +$470M | +$204M |
How do the readings compare with earlier dates?
| Reference date | Money in, running total |
|---|---|
| 1 month ago | +$392M |
| 3 months ago | +$384M |
| 6 months ago | +$386M |
| 1 year ago | +$392M |
| 2 years ago | +$320M |
What was the reading at each month’s end?
| Reading date | Money in, running total |
|---|---|
| +$398M | |
| +$382M | |
| +$385M | |
| +$385M | |
| +$380M | |
| +$381M | |
| +$388M | |
| +$406M | |
| +$395M | |
| +$399M | |
| +$393M | |
| +$397M | |
| +$435M | |
| +$456M | |
| +$354M | |
| +$327M | |
| +$317M | |
| +$320M | |
| +$318M | |
| +$343M | |
| +$401M | |
| +$391M | |
| +$318M | |
| +$327M |
Source: Money in and out is the fund's own daily record, read once a day. Reading for .