Ethereum investment products are rapidly closing in on $1 billion in monthly inflows after attracting $583 million last week, their largest weekly intake since February.
According to CoinShares’ latest report dated June 13, Ethereum’s month-to-date (MTD) inflows now stand at $879.1 million. Year-to-date (YTD) flows have reached $2 billion, accounting for roughly 14% of total assets under management (AUM), which currently sit at $14.9 billion.
The momentum follows the July 2024 approval of spot Ethereum exchange-traded funds (ETFs) in the United States, which unlocked direct institutional access to ETH.
Bitcoin (BTC) continues to dominate with $1.33 billion in inflows last week and $11.45 billion YTD. However, Ethereum is steadily closing the gap, fueled by a rising appetite for yield-bearing crypto assets and broader adoption of staking.
If current trends hold, Ethereum products could surpass the $1 billion monthly inflow milestone in the coming days, further reinforcing its growing role in institutional portfolios.
Supporting this institutional momentum, Ethereum whales holding between 1,000 and 10,000 ETH added over 818,000 ETH (~$2.5 billion) to their wallets on Sunday—their largest daily accumulation since 2018, according to Glassnode.
This cohort’s total holdings now exceed 16 million ETH, up from 11.9 million ETH a year ago. Such aggressive accumulation by early adopters and funds often reflects high conviction and historically precedes major market moves.
Technical indicators are flashing bullish for Ethereum as a potential “golden cross” forms on the daily chart, where the 50-day exponential moving average (EMA) is set to cross above the 200-day EMA.
The crossover is typically interpreted as a medium-term bullish reversal signal. Crypto analyst Ted Pillows highlights that the last time ETH witnessed this pattern, it rallied over 35% within weeks.
Currently, the price is consolidating just above the convergence point of these two moving averages, suggesting a possible setup for another strong upward move if the crossover confirms.
Yashu Gola is a crypto journalist and analyst with expertise in digital assets, blockchain, and macroeconomics. He provides in-depth market analysis, technical chart patterns, and insights on global economic impacts. His work bridges traditional finance and crypto, offering actionable advice and educational content. Passionate about blockchain's role in finance, he studies behavioral finance to predict memecoin trends.