ETH Golden Cross Sparks Fresh Wave of Ethereum ETF Inflows

Ethereum (ETH) staged a significant comeback last week, reaching its highest level since January and solidifying a golden cross on the daily chart.

The move coincided with a surge in ETF inflows, with US spot Ethereum ETFs attracting approximately $697 million over the week.

This influx of capital is a stark reversal from the previous week's $2.2 million outflow and indicates that institutional and retail investors have entered an accumulation phase.

The cumulative net inflows for these funds now stand at $12.15 billion since their inception, with assets totaling $14.2 billion, BlackRock’s ETH holding the most at $7.8 billion.