Last week (from June 9 to June 13), Ethereum spot ETF saw a net inflow of $528 million, marking five consecutive weeks of net inflow. None of the nine Ethereum ETF products experienced net outflows last week, indicating a comprehensive growth trend in the market. Among them, Blackrock's ETHA stood out with a net inflow of $381 million for the week, bringing its historical total net inflow to over $5.24 billion. Fidelity's FETH product followed closely with a weekly net inflow of $78.49 million. The total assets under management for Ethereum spot ETFs have surpassed $10 billion, setting a new historical record. Fund flows indicate that institutional investors are accelerating their investment in the Ethereum ecosystem, while Bitcoin ETFs experienced a net outflow of $1.23 billion during the same period, reflecting a significant trend of capital migration. On the technical side, the upcoming Pectra upgrade for Ethereum will increase the network processing speed to 90 transactions per second while significantly reducing transaction fees. However, the market needs to pay attention to regulatory risks, as the U.S. Securities and Exchange Commission (SEC) is expected to rule on the staking yield characteristics of Ethereum by the end of June, which may trigger short-term volatility. Analysts point out that Ethereum's current valuation is still below the institutional holding cost line, indicating significant long-term investment value.