US-listed spot Ethereum exchange-traded funds (ETFs) recorded their fourth consecutive day of net inflows on April 14, attracting $53.1 million in new capital. This brings the total inflows over the past four days to more than $212 million, signaling a potential turning point for the asset after five consecutive months of net outflows totaling nearly $2.8 billion.
Fidelity's FETH led the inflows with close to $38 million, followed by BlackRock's ETHA with $10.49 million. Grayscale's ETH and BlackRock's ETHB also contributed smaller amounts. The renewed demand coincided with Ethereum briefly reclaiming the $2,400 price level for the first time since February, though the price later consolidated around $2,320, indicating short-term profit-taking.
The improved sentiment is partly attributed to easing global geopolitical tensions, including reports of a potential ceasefire between the United States and Iran, which historically encourages capital rotation into risk assets like cryptocurrencies. Corporate accumulation is also strengthening Ethereum's long-term narrative, with Bitmine now controlling approximately 4.87 million ETH—nearly 4% of the circulating supply, of which around 3 million ETH is staked.
Simultaneously, the US spot Bitcoin ETF market experienced a significant resurgence. Inflows hit $411.4 million on April 14, driven in part by Goldman Sachs' entry into the Bitcoin ETF space. This marked the second-largest daily figure in April and pushed the year-to-date net flows for Bitcoin ETFs back into positive territory at roughly $245 million.
BlackRock's IBIT led the Bitcoin ETF inflows with about $214 million, extending a five-day streak. Morgan Stanley's MSBT also continued its five-day inflow streak, while ARKB and FBTC contributed $113 million and $45 million, respectively. No US spot Bitcoin ETF recorded outflows on Tuesday.
The positive trend extended to other altcoin ETFs as well. Spot XRP funds added $11 million in inflows, Solana products saw just over $1 million, and Dogecoin ETFs drew roughly $187,000. The broader market sentiment showed modest improvement, with the Fear & Greed Index climbing above 20.
