The momentum follows the July 2024 approval of spot Ethereum exchange-traded funds (ETFs) in the United States, which unlocked direct institutional access to ETH.

Bitcoin (BTC) continues to dominate with $1.33 billion in inflows last week and $11.45 billion YTD. However, Ethereum is steadily closing the gap, fueled by a rising appetite for yield-bearing crypto assets and broader adoption of staking.

If current trends hold, Ethereum products could surpass the $1 billion monthly inflow milestone in the coming days, further reinforcing its growing role in institutional portfolios.

Supporting this institutional momentum, Ethereum whales holding between 1,000 and 10,000 ETH added over 818,000 ETH (~$2.5 billion) to their wallets on Sunday—their largest daily accumulation since 2018, according to Glassnode.