Cryptos gain alongside stocks.
“It just shows that staking on Eth 2.0 is incredibly popular,” said Ben Edgington, lead product owner at ConsenSys.
Bitcoin and other cryptocurrencies are consolidating near recent highs.
The Ethereum Strategy ETF would invest in ETH futures contracts and an array of other indirect ether products.
Analysts expect traders to take a breather after the crypto's recent rally.
The outflow was partly because of low investor participation due to seasonal effects, also seen in other asset classes.
Bitcoin is joined by ether and cardano, which have surged 11% and 53% in the last seven days respectively.
More than a third of Singaporeans who don't hold any cryptocurrencies plan to invest in digital assets in the next year.
The ETH/BTC ratio is holding support above 0.05 and could face initial resistance near 0.08.
Analysts said the market doesn't have much of an appetite now for bitcoin above $46,000 or for a massive selloff.
Bitcoin pulled back as traders digest regulatory developments in the U.S.
DeFi platform Poly Network was attacked on Tuesday, with the alleged hacker draining roughly $600 million in crypto.
Only 9.4% of ether is held in centralized exchanges, the least since 2018.
Bitcoin and ether remain well bid as U.S. senators reach a compromise on the crypto provision of the infrastructure bill.
The token remains below the 2 1/2-month high of $3,188 reached over the weekend.