Record Inflows into Spot Ether ETFs Suggest Growing Institutional Interest Amid ETH’s Recent Surge

Key Points

1. BlackRock’s iShares Ethereum Trust ETF attracted $640 million of the inflows, outpacing Bitcoin ETFs by over $462 million.

2. Ethereum’s price surged 45% in the last month, contributing to the bullish trend in ETF inflows.

3. Ether held on exchanges hit a nine-year low, dropping to 15.28 million ETH, signaling potential long-term storage moves.

4. Ether ETFs have bought over 50% of the ETH issued since the Merge in late 2022, totaling 238,000 ETH in a single day.

5. Short-term traders are booking profits, suggesting expectations of a potential pullback in ETH's price.