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Institutional buying improves, but native crypto interest weakens

Institutional buying improves, but native crypto interest weakens

Ethereum price today: $2,350

  • Ethereum ETFs have recorded three consecutive days of net inflows totaling $260 million.
  • Interest from US native crypto investors remains weak, even as a key whale offloads 166,023 ETH to Binance.
  • ETH faces rejection at the 20-week EMA.

Ethereum (ETH) is seeing a return of institutional interest after US spot ETH exchange-traded funds (ETFs) posted $97.5 million in net inflows on Tuesday. The products have now recorded three consecutive days of positive flows worth roughly $260 million, offsetting outflows from the first four days of last week.

ETH ETFs Flows. Source: SoSoValue

The move follows a strong performance in April, when ETH ETFs posted 10 consecutive days of net inflows, ending the month with a total net…

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