For four weeks straight, Ethereum-based cryptocurrency investment products experienced negative outflows despite positive inflows in other crypto investment products. Last week alone, Ethereum saw outflows amounting to $22.5 million, as highlighted in a report by CoinShares on April 8.

Despite this, the overall sentiment toward digital asset investment products remained positive, with inflows reaching $646 million last week and hitting a record high of $13.8 billion year-to-date. Despite Ethereum's outflows, other major altcoins like Litecoin, Solana, and Filecoin saw significant weekly inflows.

While Ethereum's price increased by 6.8% within 24 hours, it experienced a decline of 8.2% over the past month, contrasting with Solana's impressive performance. Solana, often regarded as a potential Ethereum competitor, saw its native token surge by 24% in the past month. However, there are indications that investor appetite for exchange-traded funds (ETFs) might be waning, as weekly flow levels haven't reached the heights seen earlier in March.

Additionally, spot Bitcoin ETFs, approved in January, have amassed over 834,000 Bitcoin worth $60.4 billion in total holdings, accounting for 4.24% of the current Bitcoin supply. Meanwhile, short Bitcoin investment products experienced outflows for the third consecutive week, suggesting a decrease in bearish investor sentiment.