Ethereum ETFs Attract $125M in a Day as Market Sentiment Turns Sharply Bullish

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Spot Ethereum ETFs recorded an impressive $125 million in net inflows on Tuesday, marking their strongest single-day performance in over four months, according to data from CoinGlass.

Leading the pack was BlackRock’s iShares Ethereum Trust (ETHA), which alone attracted $80 million of that total. The renewed investor appetite came as Ethereum surged past $2,800, reaching levels unseen since early February.

The last comparable inflow spike occurred on February 2, when $276 million poured into spot Ethereum funds and the token was trading near $2,900.

Ethereum Climbs to 4-Month High Amid Renewed Institutional Interest

As of Tuesday evening, Ethereum was trading around $2,853, representing a 4.8% increase over the previous 24 hours, based on figures from CoinGecko. This marks Ethereum’s highest valuation since global markets began reacting to geopolitical uncertainties during the Trump administration.

While Bitcoin has broken new all-time highs, Ethereum still trails its November 2021 peak of nearly $4,900. However, analysts suggest the tide could be shifting.

SEC’s Pro-Crypto Comments Spark Optimism

Much of the recent momentum appears to stem from remarks by SEC Chairman Paul Atkins, who on Monday discussed the agency’s willingness to explore “innovation relief” for decentralized finance (DeFi) projects. During a roundtable, Atkins hinted at regulatory frameworks being developed to better support autonomous crypto protocols running on smart contracts.

Ethereum ETFs on a Hot Streak: $745M in 11 Days

Tuesday’s performance adds to a broader trend: Ethereum ETFs have now brought in $745 million over the past 11 consecutive trading days. Since their launch in July, these ETFs have accumulated roughly $3.5 billion in net inflows.

“This surge is especially notable given Ethereum’s smaller institutional base compared to Bitcoin,” noted Valentin Fournier, lead analyst at BRN. “It reflects growing confidence in the current crypto market rebound, particularly among major investors.”

Buterin Foresees Major Network Improvements

Adding to the bullish sentiment, Ethereum co-founder Vitalik Buterin recently projected a tenfold increase in transaction throughput within the next year. Buterin emphasized enhancing Ethereum’s mainnet scalability, rather than relying solely on layer-2 solutions, to prevent the congestion issues seen during the pandemic-driven crypto boom.