Ethereum (ETH) spot exchange-traded funds attracted $110 million in fresh capital on Monday even as institutional investors pulled more than $630 million from the cryptocurrency during the week ending Jan. 23.
What Happened: ETF Reversal
The ETF inflows marked a sharp turnaround from the previous week, when Ethereum funds saw $609 million in redemptions.
Institutional outflows pushed ETH's month-to-date flows to negative $77.4 million, making it the weakest performer among major digital assets tracked by CoinShares. The selling erased earlier gains accumulated in recent weeks.
Ethereum's price fell to $2,796 over the weekend, testing a support zone that has held for more than two months. Buyers defended the level, allowing the token to rebound toward $3,000.
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Why It Matters: Mixed Signals
The divergence between institutional outflows and ETF inflows creates an unusual dynamic for Ethereum's near-term outlook.
Large funds typically respond to macro uncertainty by reallocating capital, and sustained outflows could pressure prices if the defensive stance persists.
ETF buyers, however, appear to view the recent weakness as an entry point rather than a breakdown.
A move above $3,085 would open the path toward $3,188, according to technical analysis. Failure to reclaim $3,000 would likely invite renewed selling and delay any sustained recovery.
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