Investors Snap Up $200M in Ethereum Funds as Investor Interest Grows After Pectra Upgrade
Ethereum investment products saw inflows of $205 million last week, significantly up from $1.5 million the previous week, as Ethereum's price approached $2,700. Total inflows into digital asset investment products reached $785 million, bringing year-to-date totals to over $7.4 billion. Despite a recent price drop to $2,400, Ethereum's value increased by 50% over the past month. The Pectra upgrade improved Ethereum's scaling solutions and staking capabilities. Bitcoin funds attracted more capital, with $557 million in inflows last week and a total of $7.2 billion year-to-date. Digital asset products experienced five consecutive weeks of inflows, surpassing previous peaks. Spot Ethereum ETFs have underperformed compared to Bitcoin ETFs, with $2.5 billion versus $42 billion since their 2024 debut. The Pectra upgrade aims to enhance staking rewards, making it easier for institutions to offer ETH ETFs that include staking.
