After almost two months of outsourcing, Ethereum ETF products finally put a turnaround, which brought in $ 64.12 million in net influx for the week ending on 28 April.
This marks a sharp reversal of the Red Sea that extended from the end of February to mid -April, where weekly losses regularly broke through the $ 100 million.
Source: Sosovalue
The bounce coincides with an increase in the price of ETH and total net assets, now floating at $ 6.2 billion.
Although the green bars are a welcome appearance, the question-remains will be retained on the institutional conviction, or is it just a short delay in a still fragile macro landscape?