Spot ETH ETFs recorded 393M in inflows—7x January’s inflows Inversely, BTC ETFs saw 376M in outflows, signaling tradfi investors could be warming up to ether This movement is largely driven by strategic trading techniques such as carry trading, where investors buy spot ETFs while shorting ETH futures. Despite earlier price declines pushing ether to around 2,000, the price has since rebounded, now trading between 2,600 and 2,800. But challenges remain. Ethereum transaction fees have plummeted about 70% recently, signaling weak on-chain demand. Ethereum’s Pectra upgrade promises faster transactions and enhanced staking mechanics, scheduled for April 8th. Some estimates have suggested a 30% chance of ether surpassing 3,000 by the end of the quarter. Read more → https://www.gemini.com/blog/ethereum-spot-etfs-shake-off-negative-sentiment-strategy-to-purchase-an