Overview
- ETH has gained about 18% since early March versus roughly 13% for Bitcoin, lifting the ETH/BTC ratio by 7.6% to near 0.0315 and putting ETH near $2,300 for its first positive monthly close since August 2025.
- Spot ETH ETFs drew more than $160 million in net inflows last week, with another $35.9 million recorded on March 16, marking the strongest weekly intake since mid-January, according to SoSoValue.
- BlackRock’s new ETH staking ETF (ETHB) raised $104.7 million in seed capital and took in over $45.7 million in its first two trading days, offering regulated exposure to both price and validator rewards.
- Bitwise’s factor study finds Bitcoin explains roughly 65% of ETH’s weekly return variance with a near 1:1 move, while financial conditions, network activity and ETF flows are statistically significant but secondary drivers.
- On-chain and market-structure data point to tighter tradable supply, with a pickup in network usage reported by Everstake, 30‑day Binance inflows for ETH at the lowest since May 2025 per CryptoQuant, and corporate accumulation highlighted by BitMine’s purchases exceeding 100,000 ETH in early March.