- Ethereum ETFs saw $63.5M in net inflows on May 15, led by BlackRock and Fidelity, signaling strong institutional confidence.
- Ethereum’s MVRV ratio climbed above 1.5, marking the return of on-chain strength and renewed optimism among holders and institutions.
- ETH held steady above $2,500, with a market cap of $305.79B and rising demand, indicating a shift toward market equilibrium.
Ethereum is showing signs of life again, and this time, institutions are fueling the spark. After months of uncertainty, ETH is seeing real conviction return through ETF inflows and on-chain strength.
On May 15, Ethereum ETFs recorded a combined $63.5 million in net inflows, the highest since April. BlackRock led the charge with $57.6 million via its ETHA fund, while Fidelity added another $5.9 million. Notably, there were no major outflows, which signals that institutions are accumulating, not rotating.
The inflows span nine ETF products, including those from VanEck, Bitwise, Grayscale, and Invesco. This isn’t just passive demand, it’s a shift in institutional sentiment that aligns with Ethereum’s improving on-chain foundation.
MVRV Flips Positive: Ethereum’s On-Chain Heartbeat Returns
Ethereum’s MVRV ratio has flipped back above its 160-day average, signaling the return of on-chain strength. This metric, market value vs. realized value, is often seen as Ethereum’s emotional compass.
When MVRV is high, it means holders are in profit and confident. When it’s low, capitulation sets in. For nearly a year, MVRV sat beneath 1.2 as ETH struggled under $2,000. Now, it’s pushing toward 1.5, showing wallets are no longer underwater, and price is realigning with perceived value.
This reclaim isn’t just technical, it’s deeply psychological. It marks the end of a long bleed-out and the start of a more confident market phase. And it’s no coincidence it’s happening alongside ETF inflows. Institutions and long-term holders are now aligned, for the first time in months.
ETH Price Holds $2,500 as Confidence Builds Across the Board
ETH held above $2,500, closing at $2,532.88 despite a brief sell-off late in the session. Earlier highs of $2,625 show growing pressure from sellers, but bulls protected key structure. 24-hour volume hit $23.92 billion, showing strong participation despite volatility. ETH’s circulating supply remains at 120.72 million, with a market cap of $305.79 billion, now equal to its fully diluted value, a rare sign of market equilibrium.
With MVRV rising, institutional demand back on the table, and price defending key levels, Ethereum’s story is changing. It’s no longer just trying to survive. It’s quietly gaining strength and attention.
