After nearly two months of outflows, Ethereum ETF products finally posted a turnaround, raking in $64.12 million in net inflows for the week ending the 28th of April.

This marks a sharp reversal from the Red Sea that stretched from late February through mid-April, where weekly losses regularly breached the $100 million mark.

The bounce coincides with an uptick in ETH’s price and total net assets, now hovering at $6.2 billion.

While the green bars are a welcome sight, the question remains — does this signal sustained institutional conviction, or is it just a short-lived reprieve in a still-fragile macro landscape?