David Edwards
U.S.-based spot Ether exchange-traded funds (ETFs) have recorded 15 consecutive trading days of net inflows, amassing a total of $837.5 million since May 16. If this trend holds into next week, the streak alone could surpass the $1 billion mark, highlighting a significant resurgence of institutional interest in Ethereum.
The most recent inflow day, according to statistics from Farside Investors, was June 6, when an extra $25.3 million was added to Ether ETFs. Since their launch in July 2024, these instruments have generated net inflows of $3.32 billion, of which the current streak accounts for almost 25%.
The success of Ether ETFs contrasts with that of spot Bitcoin ETFs, which saw $346.8 million in withdrawals on May 29. Since then, there hasn’t been a steady trend in the flows of Bitcoin ETFs.
Ether has performed well on the market in the interim. According to CoinMarketCap, the asset is presently selling at over $2,490, up more than 31% over the last 30 days.
According to market observers, the current price increase and ETF momentum may be a component of a broader bullish trend. Ether may see a surge toward $6,000 in the upcoming months, according to a recent analysis that highlighted a multi-year gold fractal. Ethereum might be reiterating a historical cycle that led to its all-time high of $4,878 in November 2021, according to technical analyst Crypto Eagles.
According to some market watchers, staking might be the next development in Ether ETF products. ETF provider REX Shares has submitted applications for Solana and Ethereum staking ETFs, with possible debuts in the next weeks. Despite conventional obstacles, regulatory intricacies are being leveraged to bring these staking products to market, according to analyst James Seyffart.
