Spot Ethereum exchange-traded funds recorded $125 million in net inflows on Tuesday, marking the highest single-day figure since early February. This surge coincided with Ethereum’s price surpassing $2,800 for the first time in nearly four months, signaling heightened institutional confidence.
BlackRock’s iShares Ethereum Trust ETF (ETHA) dominated the inflows, capturing $80 million. This continues an 11-day inflow streak totaling $745 million, bringing cumulative inflows to $3.5 billion since the ETFs launched in July.
Positive regulatory signals contributed to market momentum, with SEC Chair Paul Atkins hinting at potential ‘innovation relief’ for DeFi entities. Simultaneously, technical optimism grew as Ethereum co-founder Vitalik Buterin forecasted a tenfold increase in the network’s transaction capacity within the next year through core scaling enhancements.