Ethereum investment products have recorded net inflows for the seventh consecutive week, totaling $296.4 million. This sustained demand reflects shifting institutional narratives around public blockchain utility and growing anticipation around potential staking approvals for spot ETH ETFs.
Why Ethereum ETFs Are Gaining Momentum
Institutional products tied to Ethereum have seen consistent capital inflows, marking a significant recovery in investor confidence. According to data from CoinShares, Ethereum-related investment products attracted $296.4 million last week alone. This brings the seven-week inflow total to $1.5 billion.
US spot Ethereum ETFs, particularly BlackRock’s iShares Ethereum Trust (ETHA), drove the majority of these inflows, contributing $281.3 million. These funds have now recorded 15 consecutive days of positive flows.
The Role of Stablecoins and Tokenization
Growing interest in stablecoins and tokenization from major financial players like Visa, Mastercard, and Stripe is reshaping how investors perceive Ethereum’s value. Increased regulatory clarity around stablecoins, including the upcoming US Senate vote on the GENIUS Act, has reinforced Ethereum’s foundational role in digital payments and settlements.
Analysts at Bernstein highlighted that if stablecoin-based payments gain widespread adoption, the Ethereum network will directly benefit from transaction fees. This creates a clear utility and value accumulation mechanism for ETH, moving beyond the outdated narrative that “blockchain is valuable, but crypto is useless.”
Staking Approval Could Be a Game Changer
Another major catalyst behind the inflows is the expectation that the US Securities and Exchange Commission (SEC) may allow staking within Ethereum ETFs. This follows a recent corporate treasury statement suggesting that certain staking activities fall outside securities regulations.
Invesco recently joined firms like Fidelity, Grayscale, and Bitwise in submitting a proposal to the SEC to enable staking in its spot Ethereum ETF. Such a move could make ETH-based financial products even more attractive by offering yield on top of price appreciation.
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Meanwhile, the Ethereum Foundation is undergoing internal restructuring, establishing new teams focused on financial policy and protocol research—a move that may further strengthen network development and investor confidence.
Ethereum Price Analysis: Key Levels to Watch
Ethereum is currently retesting an ascending trendline resistance after three prior rejections. A sustained break above this level could open a path toward the $2,750–$2,850 resistance zone.
The 200-day Simple Moving Average (SMA) has acted as dynamic resistance since mid-May. A daily close above this indicator may signal the beginning of a new uptrend.
On the downside, ETH has short-term support near $2,400. A break below that could lead to a test of the $2,100–$2,250 support range, which aligns with the 50-day SMA.
Momentum indicators are sending mixed signals. The Relative Strength Index (RSI) remains above neutral and is approaching its moving average, while the Stochastic Oscillator (Stoch) is rising toward midline territory. A bullish crossover in either could support upward price momentum.
Frequently Asked Questions
What is driving Ethereum ETF inflows?
Growing institutional interest in stablecoins, tokenization, and expectations around staking-enabled ETFs are major contributors. Regulatory progress is also boosting confidence.
How might staking approval affect Ethereum ETFs?
If the SEC allows staking in ETH ETFs, it would enable investors to earn yield on their holdings, making these products more attractive compared to traditional asset classes.
What are the key resistance levels for ETH?
The $2,750–$2,850 range and the 200-day SMA are crucial resistance zones. Breaking above these could signal a stronger bullish trend.
Where is Ethereum finding support?
Short-term support lies near $2,400. The $2,100–$2,250 region offers stronger support, reinforced by the 50-day moving average.
Is the stablecoin narrative really affecting Ethereum’s price?
Yes. As more companies use Ethereum for stablecoin transactions, network demand and fee revenue increase, reinforcing ETH’s value proposition.
What is the GENIUS Act?
It’s proposed US legislation aimed at providing clear regulatory frameworks for stablecoins. Its passage could further legitimize and accelerate adoption of Ethereum-based payment systems.