Ethereum ETF attracted $393million.What will be the impact next?
U.S. ether (ETH) exchange-traded funds (ETFs) have seen net inflows of $393 million this month.
In stark contrast, bitcoin (BTC) ETFs saw net outflows of $376 million during the same period.
According to the data available, the nine U.S.-listed ether spot ETFs saw inflows seven times higher than in January. Notably, these funds saw outflows on only two trading days throughout the month. In contrast, the 11 bitcoin ETFs struggled with low market sentiment, with inflows on only four trading days throughout the month.
Despite the sharp increase in investor interest in ether, its price has not risen accordingly. Since falling to $2,000 on some exchanges at the beginning of the month, ether has been trading in a range of $2,600 to $2,800. Similarly, bitcoin has remained below $100,000, and both cryptocurrencies have experienced price volatility, especially in the meme coin sector.
Part of the reason for investors turning to ether ETFs is the carry trade strategy, where investors buy spot ETFs while shorting ETH CME futures. These activities may also include bullish bets on the cryptocurrency.
Looking ahead, market participants are anticipating that the upcoming Pectra upgrade on April 8 could drive ether prices higher. The upgrade will improve Ethereum’s performance by optimizing its execution and consensus layers, helping it maintain its competitive advantage over other Layer 1 blockchains such as Solana.
Nick Forster, founder of Derive.xyz, expressed optimism about ether’s prospects, citing the technical improvements and network enhancements that the Pectra upgrade will bring. He highlighted Ethereum founder Vitalik Buterin’s push for a 10x increase in Layer 1 gas limits, which could lead to better application development and security.
Additionally, the Ethereum Foundation’s recent $120 million investment in DeFi projects is seen as a sign of increased adoption and growing institutional interest, especially through initiatives such as ETHrealize, led by Vivek Raman, which is working to bring traditional financial institutions into the blockchain space.
Forster is positive about ether’s price action, saying, “The probability of ether breaking $3,000 by the end of the quarter is now 30%, up from 28% last week.”
ETHUSDT 
BTCUSDT.P
Mr. Baker
In stark contrast, bitcoin (BTC) ETFs saw net outflows of $376 million during the same period.
According to the data available, the nine U.S.-listed ether spot ETFs saw inflows seven times higher than in January. Notably, these funds saw outflows on only two trading days throughout the month. In contrast, the 11 bitcoin ETFs struggled with low market sentiment, with inflows on only four trading days throughout the month.
Despite the sharp increase in investor interest in ether, its price has not risen accordingly. Since falling to $2,000 on some exchanges at the beginning of the month, ether has been trading in a range of $2,600 to $2,800. Similarly, bitcoin has remained below $100,000, and both cryptocurrencies have experienced price volatility, especially in the meme coin sector.
Part of the reason for investors turning to ether ETFs is the carry trade strategy, where investors buy spot ETFs while shorting ETH CME futures. These activities may also include bullish bets on the cryptocurrency.
Looking ahead, market participants are anticipating that the upcoming Pectra upgrade on April 8 could drive ether prices higher. The upgrade will improve Ethereum’s performance by optimizing its execution and consensus layers, helping it maintain its competitive advantage over other Layer 1 blockchains such as Solana.
Nick Forster, founder of Derive.xyz, expressed optimism about ether’s prospects, citing the technical improvements and network enhancements that the Pectra upgrade will bring. He highlighted Ethereum founder Vitalik Buterin’s push for a 10x increase in Layer 1 gas limits, which could lead to better application development and security.
Additionally, the Ethereum Foundation’s recent $120 million investment in DeFi projects is seen as a sign of increased adoption and growing institutional interest, especially through initiatives such as ETHrealize, led by Vivek Raman, which is working to bring traditional financial institutions into the blockchain space.
Forster is positive about ether’s price action, saying, “The probability of ether breaking $3,000 by the end of the quarter is now 30%, up from 28% last week.”
ETHUSDT BTCUSDT.P Mr. Baker
I have made good profits for three consecutive months, and the members I follow have made profits of more than 500%. If you are interested in my trading plan, you are welcome to join the channel for free and contact https://me.https://t.mhttps://t.me/FcCygjylf
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I have made good profits for three consecutive months, and the members I follow have made profits of more than 500%. If you are interested in my trading plan, you are welcome to join the channel for free and contact https://me.https://t.mhttps://t.me/FcCygjylf
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.