According to the latest data, the net inflow of spot Ether ETF reached as high as 2.18 billion USD in the past week, with a total cumulative inflow exceeding 7.4 billion USD. This indicates that traditional institutional funds are increasingly recognizing the long-term value of ETH, becoming an important foundation for supporting the price increase.
The continuous buying of ETFs is not solely driven by market sentiment, but rather by the recognition of the technological logic behind Ethereum 2.0 and the prosperity of L2 network ecosystems.
The Ethereum network has seen an on-chain transaction volume increase of over 280% in the past 12 days, with a daily average usage approaching 5 billion dollars. This reflects not only the influx of institutional funds but also a resurgence in the activity levels of retail investors and developers.
The resurgence of applications such as DeFi, NFT, and blockchain games has made ETH once again the core asset of network activity, creating a positive feedback loop on its price.
SharpLink Gaming recently disclosed that they have increased their holdings to 280,000 ETH, with a total value exceeding 225 million dollars, making them one of the largest corporate ETH treasuries in the world. This action reflects a high level of confidence in the long-term value of ETH at the corporate level, a behavior that is very common in the early stages of a bull market.
At the same time, some Web3 VCs are also increasing their ETH positions as an important underlying asset for new project interactions or liquidity pools.