CoinShares' research director, James Butterfill, announced on the X platform that newly launched Ethereum exchange-traded funds (ETFs) attracted record inflows of $1.183 billion in their first week. Specifically, the ISHARES ETHEREUM TRUST ETF (ETHA) and the Fidelity Ethereum Fund (FETH) received $453 million and $224 million respectively. However, this influx of funds failed to offset the significant outflows from the Grayscale Ethereum Trust (ETHE) fund. Data showed that ETHE saw a massive outflow of $1.513 billion during the first week, resulting in a net outflow of $338 million overall. This data suggests that while the Ethereum market is showing strong momentum in attracting investors, traditional investment institutions remain cautious about Ethereum.