In the derivatives market, Ethereum has outperformed Bitcoin, leading with over $106 billion in derivatives volume compared to Bitcoin's $80.5 billion.

On June 12, 2025, Bitcoin (BTC) and Ethereum (ETH) ETFs saw significant net inflows, signaling a surge in institutional interest in the cryptocurrency market.

Nine Ethereum ETFs reported net inflows of 76,694 ETH, valued at approximately $211.52 million, with BlackRock's iShares Ethereum ETF contributing a substantial 58,112 ETH, worth around $160.27 million.

The trading volume for ETH reached $12 billion in the last 24 hours, reflecting a 20% increase and reinforcing the bullish sentiment surrounding these ETF inflows.

Analysts attribute this growing interest to favorable regulatory signals and technical advancements, particularly the SEC's indication of potential exemptions for decentralized finance (DeFi) participants.

Market optimism is further supported by cooling inflation and expectations of potential U.S. Federal Reserve rate cuts, creating a favorable macro environment for Ethereum's growth.

The recent Pectra upgrade to the Ethereum network has improved market sentiment by addressing scalability and cost issues, making it more attractive to developers and investors alike.

Ethereum's options market has turned increasingly bullish, with a notable drop in the 25-delta skew indicating rising demand for short-dated call options.

Analyst Anthony Sassano highlighted that Ethereum has not experienced a single net outflow day since mid-May, suggesting it is structurally undervalued and gaining traction.

Despite a slight decline in Ether's price to $2,758, analysts project a potential rally towards $3,670 by the end of June, with long-term forecasts suggesting it could reach between $5,000 and $6,000.

The negative correlation between stock market declines and crypto inflows suggests that Ethereum may serve as a hedge against equity volatility, reflecting a broader trend of institutional adoption.

These developments coincide with a slight gain in the S&P 500, indicating that institutional investors are increasingly shifting capital from traditional equities to crypto assets amid market uncertainty.