Ethereum ETFs Lead Investments With Best Day in Six Weeks

U.S. spot exchange-traded funds are starting to note inflows as Bitcoin embarks on a choppy yet upsloping move, ending weeks of corrections. Spot Ethereum ETFs attracted $177.64 million on Tuesday, hitting a six-week high, according to SoSoValue data—more than the $151.74 million that flowed into spot Bitcoin ETFs.

Among other major altcoin ETFs, Solana saw the highest netflow on Tuesday at $16.54 million. XRP ETFs attracted $8.73 million, while funds for Dogecoin and Chainlink remained flat. “ETF flows are telling a clear story,” Rachel Lin. CEO and Co-Founder at SynFutures, told Decrypt, suggesting that investors are “becoming more selective inside crypto.”

Ethereum’s steady inflows can be attributed to institutions, Lin added, arguing that they increasingly view it not just as an asset but as infrastructure, and highlighting how staking-enabled products and recent traction in the tokenization sector have been gaining momentum. So far, ETF products have scooped up $21.40 billion worth of Ethereum or roughly 5% of the second-largest token’s market cap of $400 billion.

Ethereum is up 6.9% over the past 24 hours, and is currently trading at $3,329, according to CoinGecko data. This bullish momentum is reflected in prediction market Myriad, where users now assign a 58% chance to ETH hitting $4,500 rather than falling to $2,500—a significant increase from under 30% at the start of the month.

Terron Gold