Ethereum experiences a record $1.59 billion in inflows amid optimism for a spot ETF approval, while Bitcoin faces outflows.
Ethereum has attracted $1.59 billion in inflows over the past week, marking its second-largest weekly inflow ever, driven by optimism for a spot Ethereum ETF. Overall, digital asset investment products saw $1.9 billion in inflows, continuing a 15-week trend of positive flows. Ethereum's price rose 62% this month to $3,900, while Bitcoin ETPs faced $175 million in outflows. Institutional interest is evident as BlackRock's iShares Ethereum ETF surpassed $10 billion in assets, and SharpLink Gaming acquired 77,210 ETH worth approximately $295 million. Despite bullish technical signals, analysts caution about potential short-term volatility.