Ethereum ETFs Rake in $6.5M Fresh Capital—Institutional FOMO or Smart Money Moving In?

Another wave of institutional cash floods Ethereum ETFs—because nothing says ’conviction’ like chasing momentum after a 200% rally.

Wall Street’s latest crypto crush sees $6.5 million pouring into ETH funds overnight. TradFi finally waking up to DeFi’s crown jewel, or just hedging their bets before the next regulatory crackdown?

Key drivers: Grayscale’s court win against the SEC, BlackRock’s surprise ETH custody move, and that sweet staking yield (4.2% APY beats your savings account by... well, 4.2%).

What’s next? Watch the $3,500 resistance level—breakthrough could trigger algorithmic buying frenzy. Or, knowing crypto, a 20% correction to ’shake out weak hands’ right as your CFO approves allocation.

Ethereum ETF update

Fidelity’s Ethereum Fund (FETH) was solely responsible for the positive momentum, recording $6.5 million in fresh inflows.

In contrast, Grayscale’s Ethereum Trust (ETHE) experienced $12 million in outflows, offsetting the $12 million that entered Grayscale’s newly launched spot Ethereum ETF (ETH).

Other Ethereum ETFs remained flat, showing no fund movements for the day.

What about Bitcoin ETF?

On the same day, spot Bitcoin [BTC] ETFs witnessed a remarkable surge in investor interest, drawing in a combined $422.5 million in inflows.

Leading the pack was BlackRock’s IBIT, which alone attracted $351.4 million, underscoring its dominance in the space.

Grayscale’s newly launched Bitcoin ETF followed with $41.9 million, while Bitwise’s BITB secured $38.4 million in fresh capital.

Fidelity’s FBTC added $29.5 million, and VanEck’s offering drew $21.9 million. Even Grayscale’s legacy GBTC, despite previous outflows, managed to pull in $16 million.

Franklin’s EZBC and Invesco’s BTCO also contributed with $10.6 million and $8.72 million, respectively, while other funds remained stagnant.

This sharp contrast to Ethereum ETF flows signals continued strong institutional confidence in Bitcoin-backed products.

Ethereum vs. Bitcoin price update

The ETF inflows came as Bitcoin traded at $96,850.00, marking a 0.72% gain over the previous 24 hours. Ethereum also saw modest upward momentum, rising 0.18% to trade at $1,834.35.

Technical indicators reflected this bullish sentiment, with the Relative Strength Index (RSI) for both assets hovering around the 57 mark, typically a sign of increasing buying pressure.

Source: Santiment

The current positioning of the RSI suggests that bullish momentum is gaining ground, signaling growing investor confidence in the short-term trajectory of both Bitcoin and Ethereum.

What’s more?

In fact, recently, Ethereum spot ETFs witnessed a significant uptick in demand, drawing in a notable $104 million in net inflows over the past 24 hours, according to SoSoValue data.

This pushed the total net asset value of ETH ETFs to an impressive $6.14 billion, with a net asset ratio of 2.83%.

The cumulative historical inflows have now climbed to $2.4 billion, signaling strong institutional interest. If this momentum continues, Ethereum could be on track to retest the $2,000 level.

However, any strategic profit-taking by sellers could trigger a downside move, potentially pulling ETH back toward the $1,730 support range.