The institutional demand for Ethereum seems powerful because the current funds (ETF) recorded the seventh week of influx.

USA ETF on Ethereum has recently seen a constant influx

In recent post At X, the Glassnode analytical company has released an update, as Netflow looks with the American ETFS point. Spot ETF is investment vehicles that allow investors to obtain an exposure to a given cryptocurrency without having to have its tokens directly.

These ETFs trade established platforms, so traders following this route do not have to bother with digital exchange of assets and wallets. For investors familiar with the established mode, this fact can make ETF the preferred investment mode.

The State Commission for Securities and Stock Exchange (SEC) approved ETF at ETHEUM in mid -2024, six months after the confirmation of Bitcoin at the beginning of the year.

Below is a chart made available by Glassnode, which shows how Netflow connects in the USA for ETF in the US in the last few months.

As you can see in the chart, ETF ETF at Ethereum saw outflows at the beginning of the year, but the trend was different from the last third of April. Save for a week in May, the amount of net capital flows into these investment vehicles.

“As ETH increases from USD 2.2 thousand to USD 2.5 thousand, there was an institutional appetite,” notes Glassnode. “SPOT ETF ETFS recorded 106,000 ETH last week in net influx – marking a week of positive flows in a row.”

Ethereum is not the only cryptocurrency that has recently enjoyed the influx of ETF. As the analytical company noted in another x postDigital assets number one, Bitcoin, also sees as demand.

As shown in the above chart, Bitcoin also saw the green net for American ETFS, but due to the outflow week at the beginning of June, the series is only three weeks for assets.

About 15,000 BTC came to ETF last week. In USD categories, it is equivalent to $ 1.6 billion. For comparison, revenues amounted to USD 258.6 million for Ethereum. Of course, although they both saw the demand, there is a clear difference of scale between them.

The chart shows that ETF in the Bitcoin Spot states noted the acceleration of demand during June. However, it will turn out whether the trend will remain this month in July.

Price ETH

Ethereum has exceeded USD 2,500 earlier, but it seems that the coin was before withdrawal, because its price is 2,200 USD.