US-based spot Ethereum ETFs have experienced four consecutive weeks of positive inflows, marking a significant turnaround in fortune and investor sentiment.
Data from SoSoValue shows that the US Ethereum ETFs had a net inflow of $25.22 million on June 6, marking the 15th consecutive day of capital inflows, indicating growing interest in Ethereum products.
BlackRock's iShare Ethereum Trust (ETHA) and Grayscale's Ethereum Mini Trust (ETH) were the main contributors to the recent inflows, with ETHA accounting for $15.86 million and ETH receiving $9.37 million in net inflows.
The total net weekly inflow for Ethereum-based products exceeded $281 million in the past week, with a total of $856.81 million inflows over the past four weeks, showcasing a positive shift in investor sentiment towards Ethereum.