Ethereum Spot ETFs: Institutional Interest Continues to Surge
Recent data reveals that U.S.-based Ethereum spot ETFs have experienced net inflows for eight weeks straight, pointing to a gradual wave of institutional interest.
Consistent Positive Flow for Ethereum Spot ETFs
According to a recent post by Glassnode on X, the weekly netflow for U.S. Ethereum spot exchange-traded funds (ETFs) has been consistently positive. Spot ETFs offer a way for investors to realize exposure to Ethereum without owning the cryptocurrency directly. Trading on traditional platforms, these ETFs provide a less complicated entry point for many who might find the complexities of cryptocurrency exchanges and wallets daunting.
Check out the chart shared by Glassnode, illustrating the recent trends for Ethereum spot ETFs:
The chart clearly shows that the Ethereum spot ETFs have been on a winning streak with net inflows. Just last week, these funds saw a net influx of 61,000 ETH, which is valued at $157.3 million at current rates. This marks eight consecutive weeks of positive momentum.
Institutional investors often prefer this route for Ethereum investments, so these ongoing inflows may hint at a sustained demand from big players. Despite this, Ethereum’s price has remained relatively stable.
Bitcoin Spot ETFs Also on the Rise
Ethereum isn’t the one cryptocurrency experiencing strong ETF inflows. As per an X post by Santiment, Bitcoin has also been having fun with the same trend.
The chart above shows that Bitcoin ETFs have had positive netflows on 16 of the past 17 trading days, with the one outflow occurring on July 1st.
Ethereum Attracts New On-Chain Capital
In other Ethereum news, Glassnode recently highlighted fresh on-chain capital inflows for the cryptocurrency.
The chart compares the Realized Cap for coins aged lower than every week for each Ethereum and Solana. The “Realized Cap” is a metric that captures the whole investment in a network, with this version specializing in recent capital entering over the past week.
Interestingly, each ETH and SOL have seen an uptick, indicating a fresh capital influx. Solana has outperformed Ethereum, with figures at $8.3 billion in comparison with Ethereum’s $6.2 billion.
Current ETH Price
As of now, Ethereum is trading around $2,580, marking an over 5% increase up to now week.
Disclaimer: This information is for educational purposes only and never a guarantee of future results.
Image Credit: www.mitrade.com
