Ethereum spot ETFs record $169M inflows, strongest day since January

ETH spot ETFs snap back with $169m in a day. ETH jumps 12% and retests a multi‑year trendline.

Ethereum (ETH) spot ETFs recorded $169m net inflows on Wednesday. It’s the best single day since January 14, when they took in $175m, per SoSoValue data.

The bounce follows a rough patch. Funds saw five straight weeks of outflows, losing $1.38b, but ended the streak last week with $80.46m of inflows, per NewsBTC.

So far this week, ETH products have added $197.35m. That sets up the best week since January 16, when net inflows hit $479.04m, according to SoSoValue.

“ETF strength amid geopolitics looks like a victory for cryptocurrencies,” said FxPro’s Alex Kuptsikevich, as traders treat the asset class as a haven, via NewsBTC.

ETH surged 12% Wednesday to a one‑month high near $2,199 after reclaiming $2,100. Since early February, price has ranged between $1,825 and $2,150.

Analyst Rekt Capital notes ETH closed the month just below a multi‑year ascending trendline. A rejection turns it into resistance and risks a move toward the $1,600 demand zone, per Rekt Capital.

Bearish continuation isn’t confirmed. A reclaim of the trendline as support could open a relief area at $2,250–$2,500 before the next move, per NewsBTC.

Bitcoin (BTC) funds also saw weakness during January’s correction, alongside ETH products, per SoSoValue.