On Monday, the spot Ethereum ETF recorded the largest single-day net inflow in history, with total net inflows across all funds reaching $1.01 billion.
This phenomenon has drawn attention against the backdrop of several key indicators turning bullish and Ethereum (ETH) rising 45% over the past 30 days.
According to data from Farside Investors, the net inflow for the Ethereum ETF on Monday far exceeded that of the Bitcoin (BTC) ETF, which had a net inflow of $178 million on the same day.
In terms of Ethereum funds, the BlackRock iShares Ethereum ETF (ETHA) received the largest share inflow, setting a new high of $640 million.
The Fidelity Ethereum Fund (FETH) ranked second, also recording the largest single-day inflow, attracting $277 million.
Nate Geraci, president of NovaDius, stated on X that the Ethereum ETF was previously undervalued because institutional investors did not understand Ethereum.
"It feels like the spot Ethereum ETF has been severely undervalued, simply because traditional financial investors do not understand Ethereum," Geraci said.
He added that institutional investors are now resonating with ETH, as it is hailed as "the pillar of future financial markets."
Data from CoinGecko shows that ETH has risen 45% over the past 30 days, and as funds flow in, several key indicators have also turned optimistic.
Glassnode data indicates that the amount of Ethereum held on exchanges fell to a nine-year low of just 15.28 million ETH on Thursday, the lowest since November 2016.
Investors withdrawing crypto assets from exchanges is typically seen as a bullish signal, indicating that these assets may be intended for long-term holding.
On Monday, on-chain data platform Token Terminal stated via social media platform X that Ethereum remains the dominant blockchain for tokenized assets, accounting for about 58% of all on-chain tokenized assets.
The company also noted that the staked assets on the Ethereum network have surpassed $150 billion for the first time.
Crypto thought leader Anthony Sassano stated that since the "Merge" at the end of 2022, Ethereum ETFs have purchased over 50% of newly issued ETH.
Since Ethereum switched to proof of stake, the blockchain has issued over 451,000 ETH, with ETFs on Monday net inflowing 238,000 ETH.
He remarked, "In a single day, ETH ETFs bought more than half of the net issued ETH since the 'Merge.'"
Due to the rise in ETH prices, the assets under management of institutional holders of Ethereum rose to $13 billion on Monday.
The recent price increase has prompted short-term traders to take profits, indicating that short-term investors may expect a pullback in ETH.
Ethereum co-founder Vitalik Buterin warned on Thursday that the recent trend of companies incorporating ETH into their treasuries could evolve into a dangerous "over-leveraged game."
Related: ARK Invest invests $19 million to increase its stake in Block, a company owned by Jack Dorsey, with the transaction price dropping to $73 per share.
Original article: “Ethereum ETF Sees Record $1 Billion Inflow, ETH Shows Bullish Signals”
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