After practically two months of outflows, Ethereum ETF merchandise lastly posted a turnaround, raking in $64.12 million in internet inflows for the week ending the twenty eighth of April.
This marks a pointy reversal from the Crimson Sea that stretched from late February by means of mid-April, the place weekly losses repeatedly breached the $100 million mark.
Supply: SoSoValue
The bounce coincides with an uptick in ETH’s worth and complete internet property, now hovering at $6.2 billion.
Whereas the inexperienced bars are a welcome sight, the query stays — does this sign sustained institutional conviction, or is it only a short-lived reprieve in a still-fragile macro panorama?