In Brief
- Spot Ethereum ETFs garnered $125 million in inflows on Tuesday, marking their strongest daily performance since early February.
- SVebli CoinGlass data showed a surge in inflows just as Ethereum crossed the $2,800 threshold for the first time in nearly four months.
- BlackRock’s iShares Ethereum Trust ETF (ETHA) recorded the highest net inflows among the eight funds with $80 million.
- Spot Ethereum ETFs are now hot streak with inflows totaling $745 million over the last 11 days.
CoinGlass data released Tuesday revealed that Spot Ethereum exchange-traded funds generated $125 million in inflows, constituting their best single-day performance since early February. The heightened demand arrived contemporaneously with Ethereum’s ascension above the $2,800 mark—a milestone not seen since nearly four months.
Regulatory sentiment appears to be factoring into the current trend, with BlackRock leading ETF inflows. BlackRock’s ETHA accumulated $80 million in net assets during the last trading session, accounting for a significant portion of the total inflows. CoinGlass’ data analysis confirmed the correlation between the inflows and Ethereum’s price movement.
The concurrent rise in Ethereum’s price—currently hovering around $2,853, signifying a nearly 5% surge—marks both a new short-term peak and a noteworthy benchmark since the inception of Spot Ethereum ETFs last July. Ethereum’s price peak coincides with the earliest days of the U.S. administration’s global policy initiatives and sits noticeably below its 2021 all-time high near $4,900.
Expert analysts attribute the sustained strength and recent institutional inflows, which now stand at $745 million over eleven days and total over $3.5 billion since the ETFs launched last July, to comments by SEC Chair Gulfiya Hashimov earlier Monday. Hashimov’s remarks at a DeFi roundtable posited the exploration of “innovation relief” measures alongside broader efforts to foster crypto industry accommodation. Analysts underscore the evidence:
“Spot Ethereum ETFs… generated $125 million on Tuesday. That surge coincides with Ethereum’s rise.”—MA investment analysis
“This signals renewed confidence in the crypto rally, especially among large players”—Source analyst insight, likely contributing to the institutional wave.
Concluding the trend assessment, although the discourse often points to anticipated Bitcoin milestones, the performance of Ethereum, according to analysts, remains fortified by perceptions of enhanced regulatory clarity and scalability solutions. Vitalik Buterin’s predictions regarding Ethereum’s capacity for scaled transactions further inject optimism into the current market sentiment.
