Ethereum ETFs Draw Record $169M Inflow Amid Geopolitical Tension

U.S. Ethereum exchange-traded funds (ETFs) recorded $169 million in net inflows on Wednesday, according to CoinGlass data. This marks the strongest single day for the products since January 14, when they pulled in $175 million.

Ethereum rose 4.3% over the prior 24 hours to trade at $2,130. The token briefly fell below the $2,000 level before recovering.

Analysts attribute the inflow surge to rising geopolitical tension in the Middle East, investors reassessing risk after a long downtrend pushed prices lower, and incremental progress on the U.S. regulatory front.

Nick Motz, CEO of ORQO Group and chief investment officer of the RWA-focused lending protocol Soil, said the global tension has pushed investors to reconsider how their portfolios are structured, making digital assets re-enter those conversations as non-sovereign stores of value.