Ethereum ETFs See $175M Inflows: Is ETH Set for a Rebound?

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• Ethereum Spot ETFs have seen strong inflows, reaching $175M in just two days, signaling continued investor confidence.
  
• Despite a 30% price drop over the last month, Ethereum’s momentum remains strong, with whales actively buying the dip.
  
• Broader market factors like U.S. government shutdowns and macroeconomic uncertainty are contributing to Ethereum’s short-term volatility.

In an environment dominated by Bitcoin ETF launches and shifting market sentiment, Ethereum’s momentum is quietly gaining steam. Despite temporary price weakness and bearish technical indicators, Ethereum’s Spot ETFs continue to show strong inflows, signaling investor confidence. But with broader market turbulence and short-term volatility, is Ethereum poised for a long-term breakout, or will it struggle to overcome current headwinds?

Ethereum Spot ETFs: Solid Inflows Amid Bearish Signals

Ethereum’s Spot ETF market has been steadily growing, and the latest inflows are proving that investors remain confident in the asset’s long-term potential. On November 24, Ethereum Spot ETFs recorded a robust $96.6 million in net inflows. BlackRock, one of the major institutional players, led the charge with $92.6 million, marking its first inflow in two weeks. But the momentum didn’t stop there. Just a day later, Ethereum ETFs saw another surge, attracting $78.6 million, with Fidelity’s FETH contributing $47.5 million and BlackRock’s ETHA adding $46.2 million.

$ETH ETF inflow of $96,600,000 🟢 yesterday.

BlackRock bought $92,600,000 in Ethereum. pic.twitter.com/4b8ZkdYOkh

— Ted (@TedPillows) November 25, 2025

Despite this, not all Ethereum-related ETFs are performing well. Grayscale’s ETH ETF, for instance, saw a notable $23.3 million in outflows, reflecting some investor hesitancy. Still, the strong inflows into Ethereum ETFs point to continued optimism around Ethereum’s future.

ETH Price Struggles: Volatility or Opportunity?

While Ethereum’s ETF inflows are strong, the price action tells a different story. Ethereum has struggled to break the $3,000 barrier, sitting at around $2,913 at the time of writing. This represents a more than 30% decline from its previous highs, a stark contrast to its performance in July 2024 when Ethereum closed at $3,418.61 on the day Ethereum ETFs launched.

However, the challenges Ethereum faces are not unique. The entire crypto market has been under pressure, with macroeconomic factors such as a potential U.S. government shutdown and shifting expectations around Federal Reserve rate cuts contributing to the risk-off sentiment. Technical indicators like the RSI and MACD show a bearish short-term trend, but these signals may be temporary noise rather than signs of long-term weakness.

Whales Return Amid Short-Term Weakness

Interestingly, Ethereum’s current price struggles seem to have sparked renewed interest from large investors, known as “whales.” After Ethereum’s recent rebound of nearly 9% from its low of $2,623, on-chain data revealed a spike in whale activity, as dormant wallets began to move large amounts of ETH. This sudden surge in whale activity suggests that some big players see Ethereum’s price dip as a buying opportunity, further solidifying the belief that the current downturn could be short-lived.

Also Read: Ethereum Surge: Whale Activity & Key Levels to Watch for ETH Breakout

Meanwhile, the broader ETF landscape is becoming more competitive. VanEck has recently filed for a Spot Binance (BNB) ETF, signaling a growing interest in alternative assets. However, despite these exciting developments, the broader crypto market remains under pressure from macroeconomic factors.

Ethereum may be battling short-term volatility and price struggles, but the growing strength of Ethereum Spot ETFs points to a brighter future for the asset. Strong inflows, increased whale activity, and growing institutional interest all signal that Ethereum’s potential remains intact. While technical indicators show short-term bearishness, the broader trend suggests that Ethereum could still rise as the market stabilizes and investor confidence returns.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.