Ethereum’s ongoing waning price action does not seem to have affected investors’ sentiment, especially on the institutional level. The leading altcoin has displayed a notable bullish performance in its Spot Ethereum ETFs.
This renewed inflow over the week underscores rising investor appetite for the altcoin even though it is facing repeated price fluctuations. Furthermore, the consistent flow of money into these funds indicates that both institutional and individual investors are focusing on ETH’s long-term growth potential rather than just short-term market fluctuations.
Another key development seen on the chart is that the last time the funds saw negative outflows was in early May. After a negative week, the funds experienced 14 consecutive weeks of notable inflows, which implies that investors are increasing their exposure to ETH.
In August, Reaper noted that over $4 billion in net inflows were made into spot ETH ETFs alone throughout the month. Meanwhile, Bitcoin spot ETFs suffered about $803 million in outflows during the same time frame.
Amid this wave of capital, Reaper highlighted that smaller-cap ETH tokens have not yet experienced a significant influx of capital into their market sector. However, he anticipates this segment of the market to heat up in the upcoming months.
