Following weeks of low demand, the increase in global liquidity after the Federal Reserve’s interest rate cuts has revitalized interest in spot Ethereum 
$2,398 ETFs. Despite a rough start to the week, inflows into spot Ether ETFs have risen again. With increasing market liquidity, institutions are once again focusing on Ethereum investment products. This trend has helped maintain Ethereum’s price stability, even as ETH whales sold off their assets last week.
Inflows Exceed $85 Million in Spot Ethereum ETFs
This week, total inflows into spot Ether ETFs surpassed $85 million after several weeks of outflows. The rise in Ethereum’s price to the $2,700 level and its approach toward the $3,000 target contributed to this increase.
On Friday, September 27, inflows into spot Ethereum ETFs reached $58 million. Fidelity’s FETH received the highest inflows at $42.5 million, while BlackRock’s ETHA followed with $11.5 million. Grayscale’s ETHE experienced an outflow of $10.7 million.
Earlier this week, Ether ETFs saw outflows totaling $80 million. Following significant outflows from Grayscale’s ETHE, BlackRock refocused its investments to attract new inflows.
ETH Whale Sales Continue
While inflows into Ethereum ETFs are increasing, recent on-chain data indicates that institutions sold off their ETH assets during the recent price rise. According to LookonChain, two significant institutions have begun selling Ethereum.
Data shared by LookonChain reveals that Cumberland and ParaFi Capital executed substantial ETH sales.
Additionally, an old Ethereum whale wallet sold 12,979 ETH for $34.3 million this week. This whale had withdrawn a total of 21,632 ETH from ShapeShift and Poloniex back in 2016.
According to Spot On Chain, this old Ethereum whale resumed selling after four months of inactivity.
It appears that the inflows into spot Ethereum ETFs have largely balanced out the sales conducted by ETH whales last week. In the current Ethereum market, increasing interest in ETFs is expected to stabilize the selling activity of large investors, potentially helping Ethereum maintain its price stability.
