Recently, the capital flow of Ethereum spot ETFs in the United States has been quite interesting! According to monitoring data from Farside, this week, the cumulative net inflow of these ETFs reached a staggering $154.3 million. Looking at this number alone may not provide much context, but comparing it to the previous weeks makes it quite obvious; last week, the net inflow was only $82 million, indicating a massive increase of 88%. The growth rate is quite impressive.

Breaking it down to daily data, from Monday to Wednesday, the flow was relatively stable, with daily inflows around $20 million to $30 million, but on Thursday, there was a sudden surge, with a single-day net inflow soaring to $51 million, setting a new daily high in nearly a month. Although there was a slight decline on Friday, it still maintained a high level at $42 million, indicating that funds are concentrated in the later stages of entry.

In terms of funding sources, institutional investors contributed a large portion, accounting for about 65%, while the remaining 35% came from retail investors. This shows that not only are small investors increasing their positions, but large institutions are also showing growing interest in Ethereum spot ETFs.

Comparing the capital flow of Bitcoin spot ETFs during the same period, the latter had a net inflow of $120 million this week. For the first time, Ethereum surpassed Bitcoin in weekly net inflows, which hasn’t happened in the past six months.

This trend in capital flow may be related to recent expectations for Ethereum's technological upgrades, along with a easing of market concerns regarding regulatory environments, leading many to view this as an opportunity for positioning.

However, it's important to note that a surge in capital inflows does not necessarily mean the market will rise, but it at least indicates that market sentiment is warming up. How long do you think this wave of enthusiasm can last? $ETH