Ethereum ETFs saw $13.5M in inflows as ETH price surged 9.5% to near $2,700.
Abraxas Capital acquired 242,652 ETH worth $561M, boosting market confidence.
ETH futures open interest rose 14% to $32.61B, signaling rising institutional demand.
Ethereum’s spot ETFs witnessed a significant resurgence this week, with a total of $13.5 million in inflows recorded on Tuesday. As per data from Farside Investors, Grayscale’s mini-Ether ETF led the charge with $7.4 million, while VanEck’s ETHV and Franlink’s EZET added $3.0 million and $3.1 million, respectively.
This surge occurs during a 9.5% daily increase in the price of Ethereum, driving it towards the $2,700 level. Market watchers are also now keenly watching ETH’s movement next, as flows are high and institutional attention is renewed for the possibility of more gains.
Institutional Demand Fuels Upward Momentum
Abraxas Capital has taken a leading role in recent Ethereum acquisitions, accumulating 242,652 ETH valued at $561 million over the past week. On-chain data from Arkham Intelligence reveals that the firm borrowed USDT to expand its Ethereum holdings when ETH was trading near $2,460. This accumulation aligns with a rising trend of institutional interest, driven by both market optimism and developments around spot ETFs.
The firm’s large-scale investment has contributed to a stronger market sentiment, reinforcing Ethereum’s climb. The ETH futures open interest has surged 14% to $32.61 billion, while daily trading volumes have increased by 19% to $36.75 billion. These metrics reflect strong trader activity and growing confidence across the broader market.
ETF Structure Adjustments Support Capital Flow
BlackRock recently submitted an amendment for its spot Ethereum ETF, aiming to introduce an in-kind creation and redemption mechanism. The proposal follows a meeting with the SEC’s Crypto Task Force and highlights increasing demand for efficient capital flow between ETH and ETF shares.
If approved, this change could allow authorized participants to directly exchange Ethereum for ETF shares, streamlining access for institutional investors.
Such developments support Ethereum’s transition into a more integrated financial asset. As ETF inflows gain momentum, analysts suggest this trend could push ETH beyond its immediate resistance. The $2,530 and $2,630 levels have already been cleared, with price now consolidating in a new range. According to data by Rekt Capital, Ethereum is preparing to fill the next CME gap between $2,900 and $3,033, which could pave the way toward the $3,200 mark.
Price Outlook Remains Positive Amid Rising Inflows
Analysts continue to project a potential rally toward $3,200, with some estimates reaching up to $3,600. The current trajectory, supported by ETF demand and strategic institutional accumulation, provides the structural support ETH needs for further gains. As long as inflows remain steady and momentum builds, Ethereum could convert previous resistance levels into dynamic support zones, enabling further movement beyond its recent highs.
With a steady stream of capital entering the ecosystem and structural improvements to ETF mechanisms underway, Ethereum appears positioned for continued growth.
