Ethereum ETFs Witness Meaningful Surge in Investments
U.S. spot ethereum ETFs experienced their largest daily inflows since early February, suggesting a possible shift from recent bearish trends.According to SoSoValue data,thes nine ETFs attracted $38.74 million on April 22, ending a 10-day period of zero or negative flows.
This influx is the highest as February 4, when $307.77 million poured in. It follows eight weeks of outflows totaling nearly $910 million. Fidelity’s FETH led the charge, gaining $32.65 million, while Bitwise’s ETHW received $6.09 million. Other funds saw little to no movement.
As their launch, these ETFs have amassed around $2.26 billion. The surge coincides with Ethereum’s recovery. On tuesday,ETH surged over 10%,surpassing $1,700 for the first time since April 6.
The rally may stem from renewed optimism after U.S. Treasury Secretary Scott Bessent’s comments hinting at easing tensions with China. Some investors are also hedging against U.S. dollar uncertainty, as President Trump criticizes Fed chair Jerome Powell.
by Wednesday,ETH briefly hit $1,800,up 14.2% in two days. Bitcoin broke $90,000, rallying to $93,385, pushing the crypto market above $3 trillion. Analysts now see Ethereum poised for further gains.
Though, some warn that ETH needs to break above $2,000 and form a higher high to confirm a full trend reversal. Without this, the bounce might just be a short-term rally in a broader downtrend.
