Spot ETH ETFs have attracted significant institutional capital, with recent inflows exceeding $216 million driven by major players like BlackRock and Grayscale. However, despite this robust investment, Ethereum’s price has remained relatively stable, hovering around the $2,650 to $3,400 range. This suggests a disconnect between high-level institutional interest and actual on-chain activity. 216 million was attributed to institutional flows into ETF products. The influx is driven by the industry giants Blackrock and Grayscale who have posted major inflows across their Ethereum ETF offerings. Despite these developments, the price of ETH has not experienced a significant surge, likely due to ongoing economic challenges and subdued on-chain activity. Expert analysis suggests that institutional interest doesn’t always translate into immediate market shifts, with the lackluster network activity pointing towards a potential lag between investor sentiment and actual network adoption.