Nine spot Ethereum exchange-traded funds (ETFs) collectively attracted over $726 million in fresh investments as the cryptocurrency’s price approached $3,500. This marks the highest inflow figure since January, signaling strong resurgent demand for Ethereum exposure via traditional finance vehicles.
Major institutional maneuvers significantly bolstered Ethereum’s position. BitMine Immersion liquidated over $500 million in Bitcoin to acquire Ethereum, while SharpLink Gaming allocated a substantial $225 million to ETH from its balance sheet, injecting substantial capital into the market.
Regulatory developments contributed to investor optimism. Growing expectations surrounding the potential passage of the GENIUS Act, coupled with BlackRock’s application seeking permission to include staking rewards within its proposed Ethereum ETF, emerged as key drivers for Ethereum-based asset demand.
Ethereum ETFs are rapidly narrowing the asset gap with their Bitcoin counterparts. Current data shows Ethereum ETFs managing nearly $14 billion in assets, starkly contrasting with the $799 million assets under management held by spot Bitcoin ETFs tracked in the findings.
Beyond ETF flows, Ethereum’s fundamental growth in critical Web3 areas provides context for the inflows. Its expanding role in the stablecoin ecosystem and as the dominant platform for decentralized finance (DeFi) increasingly suggests its potential evolution into a reserve asset and recognized digital store of value.