Ethereum moved back above the $2,000 level on Friday after fresh money entered U.S. spot Ethereum exchange-traded funds, helping reverse a short stretch of outflows. The move followed a few sessions of pressure and suggested that institutional appetite, while still cautious, had not disappeared.
Market data shows Ethereum-linked ETFs recorded roughly $10.26 million in net inflows on February 13. That came after two consecutive days of redemptions that saw more than $242 million pulled from the products. Grayscale’s Ethereum trust accounted for the largest share of the new inflows, bringing in about $14.5 million, while other providers posted smaller gains.
The return of demand coincided with a 5.8% rise in ETH over the past 24 hours. Ethereum traded below $1,930 earlier in the session before finding support and moving back higher. The bounce gathered pace through the day, eventually lifting the token above the $2,000 mark again.
Zooming out, the broader weekly picture remains mixed. For the seven-day period ending February 13, Ethereum ETFs still showed net outflows of about $161 million. The largest single-day withdrawal during that stretch topped $129 million, with another session seeing more than $113 million exit the funds. The fresh inflow helped steady things, though it was not enough to erase the losses from earlier in the week.
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Bitcoin-linked ETFs also registered modest inflows on the same day, bringing in about $15.2 million. The movement was uneven, with some of the larger funds still seeing money head out the door, suggesting that investors are not moving in lockstep across the major crypto products.
Ethereum’s push back above $2,000 puts the focus on whether buyers can hold that level in the sessions ahead. The rebound is notable after the recent pullback, but the tone of ETF flows and the broader market backdrop will shape what happens next.
