Spot Ethereum exchange traded funds (ETFs) attracted 125 million in net inflows on Tuesday, marking their best single day performance since early February. The surge in interest came as Ethereum’s price crossed 2800 for the first time in nearly four months, signaling renewed investor confidence.
Leading the gains was BlackRock’s iShares Ethereum Trust ETF (ETHA), which accounted for 80 million of the total inflows across eight Ethereum focused funds. The last time daily inflows crossed this level was on February 2, when Ethereum was trading near 2900 and ETHA alone saw inflows of 276 million.
As of the latest data, Ethereum was trading at around 2853, a 4.8 percent increase over the previous day. The rally has been partially fueled by comments from US SEC Chair Paul Atkins, who recently spoke about offering innovation relief to DeFi projects. This regulatory shift is seen as a positive step for the broader Ethereum ecosystem.
Over the last 11 days, spot Ethereum ETFs have pulled in a combined 745 million, bringing their total net inflows to around 3.5 billion since their debut last July. Analysts believe the recent gains are particularly impressive given Ethereum’s relatively smaller institutional investor base compared to Bitcoin.
According to Valentin Fournier, lead research analyst at BRN, these inflows show that large investors are once again confident in the crypto market’s potential. He emphasized that this renewed interest is especially meaningful considering Ethereum’s lower institutional penetration.
Adding further optimism, Ethereum co founder Vitalik Buterin recently said that Ethereum’s main network could become ten times more efficient in the next year. Rather than relying only on layer 2 scaling solutions, he stressed the need to improve the core network itself to reduce congestion and processing times, a major concern during previous crypto bull markets.
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