Ethereum ETFs Smash Daily Record With Over $1 Billion in Investments
Main Idea
Investors poured over $1 billion into Ethereum ETFs in a single day, setting a new record, as Ethereum's price surged to levels not seen since 2021.
Key Points
1. Over $1 billion was invested in Ethereum ETFs on Monday, breaking the previous single-day record of $726.6 million.
2. BlackRock's iShares Ethereum Trust ETF led with approximately $640 million in investments.
3. Ethereum's price reached $4,500, marking a 26% increase over seven days and a 50% rise in the last 30 days.
4. Ethereum ETFs now manage over $10 billion in assets, with the cryptocurrency nearing its all-time high of $4,878.
5. Market analysts suggest the price surge is driving interest in Ethereum ETFs, with sentiment playing a significant role in investment flows.
Description
The second biggest cryptocurrency is approaching a new all-time high as the coin finds new use cases.
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