BlockBeats reported that on June 8, according to TheBlock, Ethereum ETFs experienced net inflows for 15 consecutive days, marking the longest net inflow period since November 2024. The cumulative net inflow has reached 3.33 billion USD, an increase of 820 million USD compared to before the current inflow cycle started on May 16. During this period, BlackRock's ETHA added nearly 600 million USD in holdings, while Grayscale's ETHE and $ETH ranked first with a total scale of 4.09 billion USD.
Ethereum's price has risen by 40% in the past month, but JPMorgan analysts believe: "Data shows that the current on-chain user activity of Ethereum has not yet surpassed the level before the Pectra upgrade, and the benefits brought by the Pectra upgrade have not been fully realized." Bloomberg ETF analyst Eric Balchunas stated, "When institutional funds form a sustained inflow trend, it often offsets the impact of short-term market sentiment fluctuations."
BlockBeats reported that on June 8, according to TheBlock, Ethereum ETFs experienced net inflows for 15 consecutive days, marking the longest net inflow period since November 2024. The cumulative net inflow has reached 3.33 billion USD, an increase of 820 million USD compared to before the current inflow cycle started on May 16. During this period, BlackRock's ETHA added nearly 600 million USD in holdings, while Grayscale's ETHE and ETH ranked first with a total scale of 4.09 billion USD.
Ethereum's price has risen by 40% in the past month, but JPMorgan analysts believe: "Data shows that the current on-chain user activity of Ethereum has not yet surpassed the level before the Pectra upgrade, and the benefits brought by the Pectra upgrade have not been fully realized." Bloomberg ETF analyst Eric Balchunas stated, "When institutional funds form a sustained inflow trend, it often offsets the impact of short-term market sentiment fluctuations."