Ethereum's record inflow reflects growing optimism for a spot ETF approval, while Bitcoin sees a shift in investor focus amid regulatory clarity.
Ethereum (ETH) garnered $1.59 billion in inflows over the past week, the second-largest weekly total in its history, amid expectations of a U.S. spot ETF approval. Overall, digital asset investment products saw $1.9 billion in inflows, marking 15 consecutive weeks of positive growth. In contrast, Bitcoin ETPs faced $175 million in outflows, indicating a capital shift towards Ethereum and altcoins. Institutional interest surged, with BlackRock’s iShares Ethereum ETF (ETHA) surpassing $10 billion in assets under management, while SharpLink Gaming purchased $295 million worth of ETH, raising its treasury to over 438,000 ETH. Ethereum's price rose 62% this month to $3,900, nearing the $4,000 mark, supported by bullish technical indicators despite potential short-term volatility.