Ethereum ETFs Hit Six-Week High as Investors Rotate Within Crypto

2 weeks ago 4

U.S. spot exchange-traded funds are starting to enactment inflows arsenic Bitcoin embarks connected a choppy yet upsloping move, ending weeks of corrections.

Spot Ethereum ETFs attracted $177.64 cardinal connected Tuesday, hitting a six-week high, according to SoSoValue data—more than the $151.74 cardinal that flowed into spot Bitcoin ETFs.

Among different large altcoin ETFs, Solana saw the highest netflow connected Tuesday astatine $16.54 million. XRP ETFs attracted $8.73 million, portion funds for Dogecoin and Chainlink remained flat.

“ETF flows are telling a wide story,” Rachel Lin. CEO and Co-Founder astatine SynFutures, told Decrypt, suggesting that investors are “becoming much selective wrong crypto.”

Ethereum’s dependable inflows tin beryllium attributed to institutions, Lin added, arguing that they progressively presumption it not conscionable arsenic an plus but arsenic infrastructure, and highlighting however staking-enabled products and caller traction successful the tokenization assemblage person been gaining momentum.

So far, ETF products person scooped up $21.40 cardinal worthy of Ethereum oregon astir 5% of the second-largest token’s marketplace headdress of $400 billion.

Ethereum is up 6.9% implicit the past 24 hours, and is presently trading astatine $3,329, according to CoinGecko data.

This bullish momentum is reflected successful prediction marketplace Myriad, wherever users present delegate a 58% accidental to ETH hitting $4,500 alternatively than falling to $2,500—a important summation from nether 30% astatine the commencement of the month. (Disclaimer: Myriad is owned by Decrypt’s genitor institution Dastan.)

Bitcoin inactive commands the largest allocations contempt the caller downtrend, the SynFutures expert added.

“The divergence we’re seeing—with Ethereum pulling meaningful inflows adjacent erstwhile Bitcoin slows — suggests a structural rotation alternatively than a short-term trade. Institutions that entered done Bitcoin are present broadening their exposure,” Lin explained.

Near-term macro uncertainty could airs risks and heighten volatility, but the semipermanent outlook remains mostly bullish.

“ETFs are phenomenally bullish,” Matthew Hougan, CIO of crypto plus absorption steadfast Bitwise, told Decrypt. “We’re seeing the 4 large wirehouses successful the U.S.—Morgan Stanley, Merrill Lynch, UBS, and Wells Fargo—open up to crypto successful the past six months.”

That improvement present allows “trillions of dollars” entree to crypto ETFs that were unavailable conscionable six months ago, the expert highlighted, adding that helium expects that 2026 “will beryllium a grounds twelvemonth for flows.”

Bitcoin ETF Giant BlackRock Files to Launch Ethereum Staking ETF

Lin echoed Hougan’s bullish outlook connected ETFs and expects ETF inflows to gradually emergence heading into 2026 arsenic “more products mature and regulatory clarity improves.”

On the macro front, Lin expects easing macro conditions to spot different question of ETF demand, with Ethereum "likely absorbing a larger stock of incremental flows fixed its inferior and output profile."

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