Ethereum Exchange-Traded Funds (ETFs) have achieved a significant milestone, surpassing $4 billion in net inflows. This surge reflects escalating institutional confidence, with the last $1 billion added in a rapid 15-day period.
Leading the pack, BlackRock’s iShares Ethereum Trust commands assets exceeding $5.3 billion. Fidelity has also demonstrated substantial institutional interest, accumulating $1.6 billion in inflows. This robust activity underscores growing trust in Ethereum’s underlying technology and market position among major financial institutions.
Despite this substantial inflow of capital into ETFs, Ethereum’s spot market price encountered headwinds, declining approximately 4% over the week. The asset continues to face challenges in reclaiming the significant $2,800 price threshold.
Simultaneously, Little Pepe (LILPEPE) is emerging as a notable new entrant demonstrating strong early traction. This Layer 2 token successfully concluded its presale phase, raising more than $2.5 million. Projections suggest the token could see price appreciation up to 450 times its launch value post-release.
LILPEPE distinguishes itself by blending the virality of meme coin culture with the technical scalability advantages of Layer 2 solutions. It aims to foster a decentralized, community-driven ecosystem on its platform.