Ethereum ETFs See First Positive Inflows in Weeks Amid Market Recovery

Ethereum ETFs recorded their first positive net inflow after eight consecutive weeks of outflows, according to on-chain analytics platform Glassnode. Although modest at around 40,000 ETH, the inflow signals a potential shift in sentiment toward Ethereum as institutional interest appears to revive alongside a broader crypto market rebound.

The latest CoinShares data further supports this trend, showing that the overall crypto market attracted $3.4 billion in inflows last week, marking the third-largest inflow on record. Bitcoin led with $3.18 billion, while Ethereum followed with $183 million. This resurgence comes as investors increasingly seek alternative safe havens amid ongoing economic uncertainty.

At the time of writing, Ethereum (ETH) was trading at $1,783, down 0.84% in the last 24 hours following profit-taking after reaching an intraday high of $1,857 on Sunday. According to Charles Edwards, founder of Capriole Funds, Ethereum recently underwent an on-chain capitulation similar to 2022 levels. However, the ETH Macro Index has now started trending upward, suggesting a potential reversal in Ethereum’s long-term trajectory.

In technical developments, Ethereum researcher Dankrad Feist has proposed EIP-9698, a new upgrade aiming to boost the gas limit 100-fold over four years. This "exponential" increase would enable more predictable and sustainable scaling, while maintaining compatibility with existing systems. Meanwhile, Ethereum’s next major upgrade, Pectra, is scheduled for May 7 at epoch 364032. Pectra will introduce EIP-7702, enhancements to validator user experience, and a doubling of the blob count, further strengthening Ethereum’s network capabilities.

As institutional confidence appears to return and major upgrades loom, Ethereum is positioning itself for a potentially significant comeback in 2025.