U.S. spot Ethereum exchange-traded funds (ETFs) recorded a net inflow of approximately $164.4 million on January 15, 2026, marking the fourth consecutive day of positive inflows. This streak, which saw inflows of $5.10 million on Jan. 12, $130 million on Jan. 13, and $175.10 million on Jan. 14, signals sustained institutional investment and growing confidence in ETH as a digital asset.
BlackRock's Ethereum ETF (ETHA) led the inflows, attracting $149.16 million on Jan. 15, despite a single-day outflow of $79.90 million on Jan. 12. Fidelity's FETH and Grayscale's spot ETH product also recorded steady, though smaller, inflows. Since their launch on July 23, 2024, following SEC approval, cumulative net inflows into Ethereum ETFs have reached around $12.91 billion, with total assets under management standing at $20.46 billion.
However, this bullish institutional narrative is contrasted by on-chain activity from a long-term Ethereum holder. A whale identified by the address 0xB3E8 deposited 13,083 ETH (worth roughly $43 million) into the Gemini exchange. The whale still holds 34,616 ETH valued at $115 million. Such a transfer to an exchange is often viewed as a precursor to selling, introducing potential short-term downside pressure on ETH's price.
In a separate but related development, a wallet linked by blockchain analytics firm Arkham to Tom Lee's Bitmine received about $80 million worth of Ether, bringing its total balance to roughly 24,068 ETH. This large, single inflow from a FalconX hot wallet suggests continued institutional-scale accumulation rather than short-term trading.
Amid these flows, Ethereum's price was testing the $3,350 to $3,400 resistance band. Analysts noted that a decisive break above $3,400 with strong volume could signal renewed momentum, while a rejection could see a retest of support levels near $3,058.
