Ethereum (ETH) Rally Ignites as Investors Pour $205M Despite Market Turmoil

Despite turbulence across crypto markets, investors treated Ethereum’s weakness as a buying window. During the week, investment funds dedicated to ETH pulled in $205 million in inflows during the week. The strongest momentum came from a 2x leveraged ETP, which drew $457 million, which reflected continued confidence in Ethereum’s recovery.

This occurred even as digital asset funds experienced $513 million in overall outflows, following volatility linked to Binance’s liquidity cascade on October 10th. Cumulative outflows since that incident now stand at $668 million, which means that ETP investors largely brushed off the turmoil, unlike on-chain holders, who appeared more risk-averse.