Spot cryptocurrency Exchange-Traded Funds (ETFs) focused on Ethereum and Bitcoin collectively attracted $742 million in new investor capital, marking a significant inflow day.
Ethereum ETFs dominated the inflows, capturing $461 million. This substantial investment surge propelled the price of ETH upwards, breaching the $4,000 psychological barrier.
Bitcoin ETFs also experienced robust activity, securing $281 million in inflows. Despite the significant capital injection, Bitcoin prices remained relatively stable on the day.
The magnitude of the inflows underscores growing institutional engagement within the cryptocurrency market, with a particularly strong focus on Ethereum gaining traction.
Total inflows reaching $742 million reflect robust market confidence and heightened investor activity within the ETF space. Ethereum’s price surge past $4,000 highlights a significant increase in investor optimism surrounding the asset.