On April 22, U.S.-listed Ethereum exchange-traded funds (ETFs) experienced their largest daily inflows since early February, a potential indication of shifting investor sentiment following a period of weak performance and ongoing outflows.
According to SoSoValue data, nine Ethereum funds listed in the U.S. recorded net inflows of $38.74 million, ending a streak of ten consecutive days of negative or zero flows. These figures are the highest since February 4, when the funds recorded massive inflows exceeding $307.77 million.
Most of this momentum came from Fidelity's FETH fund, which alone attracted $32.65 million. The Bitwise ETHW fund contributed inflows of $6.09 million, while other funds showed no significant changes in their daily movements.
Market Shifts Support Recovery This sudden shift reflects a halt in a series of outflows that lasted for eight consecutive weeks, totaling approximately $910 million. Since their launch, Ethereum ETFs have attracted nearly $2.26 billion. The increase in inflows coincided with a strong recovery for Ethereum itself, which rose by more than 10% on Tuesday, surpassing the $1,700 mark for the first time since April 6.
Observers believe that the renewed optimism is partly driven by U.S. Treasury Secretary Scott Peseant's remarks, hinting at a potential easing of trade tensions between Washington and Beijing, especially regarding tariffs. Furthermore, internal political tensions have bolstered digital markets, particularly after former President Donald Trump criticized Federal Reserve Chair Jerome Powell and called for his replacement.
Additionally, the appointment of Paul Atkins, known for his pro-market stance, as head of the U.S. Securities and Exchange Commission has enhanced positive expectations regarding the future of cryptocurrencies, especially in terms of regulation and legitimization.
