- Ethereum is roaring back after weeks of silence and sluggish price action — and so are the spot Ethereum ETFs.
- On April 22, U.S.-listed Ethereum exchange-traded funds recorded their biggest daily inflows since early February, injecting fresh hope into the market.
$38 Million Inflows Signal Investor Comeback
According to data from SoSoValue, a total of $38.74 million flowed into nine Ethereum ETFs, ending a 10-day streak of zero or negative activity. It’s the largest single-day inflow since February 4, when a staggering $307.77 million entered the market. The latest surge comes after nearly two months of relentless outflows that drained close to $910 million from these funds.
Fidelity’s FETH led the pack with a $32.65 million haul, while Bitwise’s ETHW followed with $6.09 million. The other ETFs remained flat. Collectively, Ethereum ETFs have now pulled in around $2.26 billion since launch — a figure that may keep rising if momentum holds.
Ethereum Price Pops as Bulls Take the Wheel
This ETF revival coincides with a strong rebound in Ethereum’s price. On Tuesday, ETH shot up more than 10%, reclaiming the $1,700 level for the first time since April 6. The bullish move appears tied to macroeconomic sentiment, including easing concerns over U.S.-China trade tensions following calming remarks from Treasury Secretary Scott Bessent.
By Wednesday, ETH had briefly touched $1,800 — marking a 14.2% gain in just two days. Bitcoin, too, joined the rally, crossing the $93,000 mark and helping lift the entire crypto market back above a $3 trillion valuation.
What’s Next for Ethereum?
While enthusiasm is rising, analysts remain cautious. ETH must break through the $2,000 barrier and post a higher high to confirm a full bullish reversal. Otherwise, this could be just another temporary bounce in a broader downtrend.
Still, with rising ETF interest, favorable macro tailwinds, and growing investor appetite, Ethereum might just be setting the stage for a breakout moment — and possibly a strong Q2 ahead.
