Ethereum Spot ETFs See Seven Consecutive Weeks of Inflows
Institutional demand for Ethereum remains robust, with US spot exchange-traded funds (ETFs) experiencing inflows for the seventh consecutive week.
US Ethereum Spot ETFs Inflows
- Netflows for US Ethereum spot ETFs have improved since late April, with a notable increase in capital inflow.
- Last week recorded 106,000 ETH in net inflows, marking seven straight weeks of positive flows.
- The SEC approved Ethereum spot ETFs in mid-2024, following Bitcoin's approval earlier in the year.
- Inflows for Ethereum totaled $258.6 million recently.
- In contrast, Bitcoin experienced about 15,000 BTC inflows (approximately $1.6 billion) over three weeks.
ETH Price Update
Ethereum's price briefly crossed $2,500 but has since retraced to around $2,400.