Ethereum ETFs Add $534M as Traders Eye ETH Rally Extension

Another $534 million poured into US spot Ethereum ETFs on Tuesday, fueling speculation that ETH’s rally has legs. The inflows—3rd-largest since launch—included $426M to BlackRock’s fund, per SoSoValue.

The sustained demand follows $1.3B in inflows last Wednesday-Thursday, with analysts citing declining BTC dominance and steady macros as tailwinds. “ETH’s setup looks strong mid-term,” said Kronos Research’s Vincent Liu, while LVRG’s Nick Ruck noted institutions are treating ETH as “Bitcoin’s sequel play.”

With Grayscale and Fidelity also pulling in $108M combined, the ETFs are becoming a liquidity funnel for ETH bulls.