This marks the strongest inflow day for Ethereum ETFs since Feb. 2, when combined inflows surpassed $300 million.
It also continues a rising trend where investors have added capital to Ethereum ETFs for 18 consecutive trading sessions, pushing cumulative inflows over the past few weeks to approximately $1.2 billion.
Ethereum-linked ETFs hold $3.74 billion in net inflows and $11.05 billion in net assets, representing around 3.25% of the crypto’s market value.
Valentin Fournier, lead research analyst at BRN, told CryptoSlate that ETH’s growing inflows and sustained strength suggest it is well-positioned to lead the next market rally, driven by increasing institutional confidence in the asset.
Besides that, regulatory signals have also added to the positive outlook.
