US spot Ethereum ETF has continued to attract funds recently, with ETHA under BlackRock being the main source of inflows. Data shows that this fund has attracted over $1 billion in funds over a consecutive 9 trading days, significantly leading similar products.

ETHA accounted for the majority of net inflows during the same period.

As mentioned by Arkham Intelligence, ETHA has seen a cumulative inflow of 889.8 million US dollars in the first 8 trading days, a figure that is also basically consistent with the statistics from Farside. By the 9th trading day, the overall net inflow of US spot Ethereum ETF was approximately 1.42 billion US dollars, with ETHA accounting for about 72%.

On August 28th, US spot Ethereum ETF recorded a total net inflow of $102.1 million in a single day, of which ETHA attracted approximately $83.8 million, continuing to hold the top position.

There is a divergence between institutional funds and the trend of cryptocurrency prices.

Compared to the continuous inflow of funds into ETF, the spot price of ETH has recently declined. Reports indicate that ETH is currently trading at around $2,435.95, a 2.77% drop over 24 hours; its market value has fallen to approximately $294.08 billion, with daily trading volume at around $13.7 billion, which is a 5.16% decrease from the previous day.

Previously, ETH continued to rise above $1,900, briefly approaching $2,500, and once again reached the long-term trend level around $2,150. The current pullback occurs after this rapid rebound.

The market is concerned about whether the funds of ETF can continue to flow in.

Sustained net inflows mean that, in addition to spot trading on exchanges, the market has also seen new demand from the ETF channel. The continuous inflow of funds over several days also reflects that some investors are still willing to maintain their exposure to Ethereum despite short-term fluctuations.

However, ETF funds cannot directly determine the short-term price direction. The prices of crypto assets are still influenced by a combination of derivative positions, macroeconomic expectations, market liquidity, and overall risk appetite.

Based on the current data, institutions' interest in configuring Ethereum continues. Next, the market will continue to monitor two indicators: one is whether ETH can maintain the main increase after the previous rebound, and the other is whether US spot Ethereum ETF can still maintain a net inflow.