Recently, ETFs have continued to attract capital inflows, with a net inflow of $528 million last week, achieving continuous growth. This reflects an increasing market recognition. However, what is more noteworthy are the underlying industry trends: all nine ETFs experienced net capital inflows, with one leading the week with an inflow of $381 million, bringing the total scale to over $5.24 billion, showcasing the growing influence of traditional financial institutions in the sector.

This phenomenon indicates a transition from fringe assets to mainstream allocation. However, this transition faces many challenges, including uncertainties in regulatory attitudes. On the other hand, the market needs to be wary of the risk of disconnection between capital inflows and the underlying technological development. As a smart contract platform, its true value lies in ecological applications rather than mere financial speculation. While investors should pay attention to ETF performance, they should also focus on the actual usage and innovative development of the Ethereum network. Whether the current market enthusiasm can be sustained will depend on the dual factors of improved regulatory environment and technological breakthroughs.