Ethereum (ETH) ETF Update

ETH ETF flows briefly turned positive on Tuesday but logged $63M outflows on Wednesday.
There was an increased interest in ETH as a corporate treasury asset.

Ethereum (ETH) ETF flows turned positive after 10 days of outflow, signaling renewed demand for the altcoin.

On March 4, the products logged $14.58M inflows and showed stronger trading volumes, as noted by Matthew Sigel, head of digital research at VanEck. He stated:
> “ETH — Yesterday marked the first positive flow day for ETH ETPs in 10 trading sessions. Trading volumes were also strong yesterday at $527 million vs. the running average since launch of ~$358 million.”

Institutions Adopt ETH Despite Choppiness

However, the trend hasn’t fully reversed, with products seeing $63 million in outflows on March 5. On a weekly basis, the products experienced $60M outflows this week compared to last week’s $333M bleed-out. This suggests that the ETH ETF sell-off has somewhat eased.

Even so, ETH has garnered renewed interest as a corporate treasury reserve amid ongoing market fluctuations.

The Nasdaq-listed BioNexus Gene Lab Corp (BGLC) has announced its ETH corporate treasury, emphasizing Ethereum’s liquidity and financial innovations. BGLC is pioneering a corporate strategy that focuses exclusively on ETH as a treasury reserve asset, recognizing its strengths in liquidity, security, and financial infrastructure.

In March, World Liberty Financials, linked to Donald Trump, significantly increased its ETH holdings from 2K to over 7K coins, worth about $16 million at the time of writing.

Sadly, despite this institutional interest, Ethereum’s price has not shown significant recovery. According to blockchain analysis firm IntoTheBlock, Ethereum’s MVRV value dipped to levels last seen before the current bull market began in late 2023.
> “Ethereum’s MVRV hit 1.01 yesterday. This is the lowest value since October 2023, when Ethereum was trading just below $1600.”

The firm cautions that such low levels may signify local bottoms, but the potential for further downside risk remains amid market uncertainty.

On the demand side, U.S. investors’ appetite for ETH, tracked by the Coinbase Premium Index (CPI), has remained relatively lukewarm in 2025. The altcoin may recover significantly only if demand becomes sustainably positive.

Meanwhile, ETH is up 16% from its low of $1993 and currently valued at $2300. Crypto trader Cryp Neuvo suggested the altcoin could climb higher after clearing the range lows.