Ethereum ETF Inflows Outperform Bitcoin for the Third Day Straight
Main Idea
Ethereum ETFs have seen significant inflows, surpassing Bitcoin ETFs, with institutional interest and regulatory developments driving Ethereum's price surge and market dominance.
Key Points
1. Ethereum ETFs attracted $704 million in inflows on Wednesday, nearly eight times the inflows into Bitcoin funds, totaling $2.2 billion over three days compared to Bitcoin's $331 million.
2. Ethereum's price surged to $4,775, up over 60% in the past month, nearing its November 2021 all-time high, with short liquidations hitting $127.41 million in 24 hours.
3. Standard Chartered revised its Ethereum price targets to $7,500 by 2025 and $25,000 by 2028, citing improved market conditions and institutional adoption.
4. BitMine Immersion increased its ETH fundraise target by $20 billion, aiming for a total of $24.5 billion, reflecting strong institutional demand.
5. Traders on Myriad Markets see an 86.9% probability that Ethereum reaches $5,000 by January 1, 2026, indicating bullish sentiment.
Description
Ethereum ETFs are attracting record institutional inflows, narrowing the gap with Bitcoin and intensifying upward price pressure.
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