Ethereum’s doldrums didn’t stop fresh money from trickling in as Bitwise Ethereum ETF, ETHW, booked $1.99 million of net inflows on April 22, 2026. The move nudged the fund’s assets under management to $257.1 million, with the latest flow equal to roughly 0.77% of AUM, signaling measured but notable conviction among dip buyers.
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The related asset, ETH-USD, is currently trading at $2,309.21 after shedding about 21.4% over the past three months. Despite the drawdown, its one-day technical signal remains a cautious Hold, suggesting traders are still waiting for a clearer trend before committing more aggressively.
The contrast between negative spot performance and steady ETF inflows hints at investors using ETHW as a vehicle to average into weakness rather than capitulate. With Ethereum stuck in a corrective phase, the ETF’s latest intake may reflect longer-horizon positioning, as allocators weigh the prospect of a rebound against lingering macro and regulatory headwinds.
While the single-day inflow is modest in percentage terms, consistent additions of this size can quickly compound if sentiment stabilizes around current price levels. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.