Ethereum ETF inflows in February have jumped seven times higher than January levels; in contrast, Bitcoin ETFs reported $376 million in net outflows.
Demand for exchange-traded funds (ETFs) based on Ethereum (ETH) has considerably increased in the US, with a staggering $393 million in net inflows, which is way above capital complements that are entering Bitcoin ETFs.
The upcoming Pectra upgrade on April 8 promises to enhance Ethereum’s execution and consensus layers, increasing network performance and bringing improvements to transactions and staking mechanics.
Ethereum's co-founder Vitalik Buterin has advocated for increasing the L1 gas limit by a factor of ten, while institutions show renewed focus on Ethereum after a $120 million investment from the Ethereum foundation into DeFi projects.