Ethereum ETFs See Record Weekly Inflows Near $2.2B, Potentially Surpassing Bitcoin in Institutional Interest
Main Idea
Ethereum ETFs attracted a record $2.2 billion in weekly inflows, surpassing Bitcoin ETFs, driven by strong price performance and growing institutional confidence in Ethereum.
Key Points
1. Ethereum-focused ETFs saw $2.2 billion in inflows last week, nearly doubling the previous record of $1.2 billion.
2. Ethereum's price rose by 25% over the past week, nearing its all-time high of $4,891, contributing to the surge in ETF inflows.
3. Year-to-date inflows into ETH products total approximately $6.2 billion, reflecting sustained institutional interest.
4. Bitcoin ETFs also saw significant inflows, with Bitcoin's price increasing by 1.8% for every 10,000 BTC added to ETF holdings.
5. BlackRock has petitioned the SEC to allow staking within its Ethereum ETF, addressing initial skepticism about yield potential.
Description
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