- CRYPTO/NFT
- Crypto News
By
Dimsumdaily Hong Kong
-
54
29th April 2025 – (New York) Farside Investors reported a substantial net inflow of $64.1 million into the Ethereum ETF market on 28th April, with ETHA driving $67.5 million in inflows, while ETHW experienced an outflow of $3.4 million. Other ETFs, including FETH, CETH, ETHV, QETH, EZET, ETHE, and ETH, showed no significant movement. The surge in ETHA inflows highlights growing institutional interest and hints at potential bullish trends for Ethereum’s price action in the near future. Traders are advised to monitor ETF flows as an indicator of market sentiment and short-term volatility.
According to Farside Investors’ Twitter update on 29th April, at 10.30am UTC, the Ethereum ETF market recorded a notable net flow of $64.1 million on 28th April. This influx signals robust institutional interest in Ethereum investment products, particularly driven by the significant $67.5 million inflow into ETHA on the same date. Meanwhile, ETHW experienced a minor outflow of $3.4 million on 28th April. The data reflects a selective bullish sentiment among institutional investors towards specific Ethereum ETFs. In line with this data, Ethereum’s price surged by 3.2% to $3,450 on major exchanges like Binance by 11:00 AM UTC on 29th April. Trading volume for ETH/USDT spiked by 18% in the 24-hour period ending at 12pm UTC on 29th April, reaching $2.1 billion, indicating heightened market activity. Glassnode’s on-chain metrics further support this momentum, revealing a 5.4% increase in Ethereum’s active addresses to 620,000 as of 28th April at 11.59am UTC. Additionally, exchange reserves dropped by 12% to 45,000 ETH on 28th April at 11.49am UTC, suggesting diminished selling pressure. The confluence of institutional inflows and on-chain data provides a compelling case for potential long positions in ETH-related assets towards the end of April 2025.
The $64.1 million net inflow into Ethereum ETFs on 28th April, as reported by Farside Investors at 10.30am UTC on 29th April, indicates strong demand from institutional players. Notably, the significant inflow into ETHA, amounting to $67.5 million, may drive spot market demand for Ethereum as of 29th April at 11am UTC. Traders are encouraged to monitor ETH/BTC and ETH/USDT pairs, showcasing increased volatility and trading volumes of $1.5 billion and $2.1 billion, respectively, in the 24-hour period concluding at 12:00 PM UTC on April 29, 2025. While the minor outflow from ETHW on 28th April, could indicate profit-taking or reallocation, it does not significantly alter the prevailing bullish sentiment. CryptoQuant’s on-chain data highlights a 3.1% decrease in Ethereum’s exchange reserves to 18.2 million ETH as of 28th April, at 11.59am UTC, reinforcing the notion of reduced selling pressure (source: CryptoQuant). Traders analysing Ethereum’s price movements in April 2025 should consider the potential for further upside driven by the ETF inflow, especially when coupled with positive AI-driven market sentiment. Recent advancements in AI-based trading algorithms have led to a 7% surge in trading volume for ETH/USDT pairs on platforms like Binance as of 29th April, at 12pm UTC, suggesting that AI tools are amplifying institutional moves (source: Binance Volume Reports). This AI-crypto relationship could present unique trading opportunities for those leveraging Ethereum trading signals in 2025.
