In brief
- Ethereum products’ inflows surged after the network’s Pectra upgrade.
- Year-to-date flows for crypto funds topped $7.4 billion, a new record for 2025.
- Ethereum’s Pectra upgrade has made it easier for institutions to integrate staking rewards into their current products, Sui Chung, CEO of CF Benchmarks, said.
Ethereum investment products generated $205 million worth of inflows last week following the asset’s climb toward $2,700—far more than the $1.5 million a week prior—according to a report from crypto asset manager CoinShares on Monday.
Overall, investors stuffed $785 million into digital asset investment products, including spot exchange-traded funds, lifting year-to-date inflows to more than $7.4 billion, their highest point of 2025.
“Ethereum was the standout performer,” CoinShares Head of Research James Butterfill wrote, noting that Solana-based funds generated $1 million worth of outflows.
On Monday, the price of Ethereum had fallen to $2,400, a 4.3% decrease over the past day, according to crypto data provider CoinGecko. However, the asset’s price was still up 50% over the past thirty days, and notably higher than the $1,850 mark where it began this month.
Despite notching one of its worst performances on record in the first quarter, Butterfill told Decrypt that Ethereum investors have still been willing to gain exposure to the asset.
“It’s been massively beaten down in price recently,” he said. “What’s been really encouraging, when […] the price has been beaten down, it’s seen a big influx of inflows.”
Less than two weeks ago, Ethereum activated the first phase of its Pectra upgrade. Among sweeping changes to the network, Pectra improved scaling solutions that aim to keep transactions affordable long-term, while increasing the amount of Ethereum that can be staked per validator—another move aimed at honing the network’s overall efficiency.
Although Ethereum funds exhibited notable strength, Bitcoin products attracted more cash. After pulling in $557 million last week, Bitcoin funds have generated $7.2 billion in inflows year-to-date, accounting for the lion’s share of all flows.
Overall, digital asset investment products notched their fifth straight week of inflows. That lifted year-to-date inflows to $7.5 billion, pushing past a peak of $7.2 billion in February, before U.S. President Donald Trump’s tariffs created weeks of tariff-linked turmoil.
According to crypto data provider Coinglass, spot Ethereum ETFs have lagged behind Bitcoin counterparts in the U.S., pulling in $2.5 billion compared to the latter’s $42 billion, since their debuts in 2024. Part of that disparity, analysts say, is because of a lack of staking rewards for Ethereum ETF investors.
Through staking, users can earn rewards by pledging assets to a network in order to help it process transactions. The process became core to Ethereum with the network’s shift to a proof-of-stake consensus model in 2022.
By bringing a level of operational predictability to Ethereum staking, Ethereum’s Pectra upgrade will make it easier for institutions to integrate staking rewards into their products, according to Sui Chung, CEO of CF Benchmarks, which provides crypto pricing data to CME Group.
“This isn’t just a technical upgrade,” he told Decrypt. “To offer an ETH ETF that includes staking, fund managers need infrastructure that mirrors traditional finance with clear redemption timelines, reliable liquidity, and flexible control over assets.”
Edited by James Rubin
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.