Ethereum Sees Surge in Institutional Demand Amid $60M ETF Inflows

Ethereum's price is showing signs of renewed institutional interest after net inflows of approximately $60.8 million into U.S. spot Ethereum ETFs and significant whale accumulation.

The sustained buying pressure suggests that traditional investors remain confident in ETH, despite recent market consolidation.

Institutional demand remains strong, with BlackRock clients purchasing nearly $50.3 million worth of Ethereum, reinforcing the growing institutional appetite for the asset.

A major whale withdrew 10,500 ETH worth roughly $20.06 million from OKX within a single hour, indicating investors intend to hold assets rather than sell them immediately.