Ethereum, the second-largest cryptocurrency, continues to show positive trends in the market, attracting attention from institutional investors.
Ethereum Spot ETF Flows Continue to Rise
According to Glassnode, Ethereum Spot ETF flows have remained positive for eight consecutive weeks, with net inflows exceeding 61,000 ETH. In the last 24 hours, nine Ethereum U.S. Spot ETFs saw positive net flows of 24,968 ETH worth $63.32 million.
Digital Asset Investment Products and Their Significance
According to CoinShares, digital asset products recorded inflows of $1.04 billion last week, marking the twelfth consecutive week of positive results. Ethereum added $226 million last week, indicating a shift in investor sentiment in its favor.
Financial Institutions Increasing Focus on Ethereum
In related news, BBVA, Spain's second-largest bank, announced the extension of Bitcoin and Ethereum trading and custody services to retail clients via its mobile app. Meanwhile, BitDigital reported accumulating 100,603 ETH and plans to increase its holdings.
The steady inflows into Ethereum highlight its growing popularity among institutional investors, indicating potential changes in market sentiment.
