Ethereum Surpasses $3,400 Following Record ETF Inflows
2025-07-17 07:44:18
Main Idea
Ethereum's price surpassed $3,400 due to significant inflows into spot Ethereum ETFs, driven by institutional demand, while also boosting other altcoins.
Key Points
1. Ethereum's price exceeded $3,400 on July 16, 2025, fueled by a record $726.74 million inflow into spot Ethereum ETFs, the highest since mid-January.
2. BlackRock’s ETHA ETF reached $2.27 billion in assets under management, with total spot Ethereum ETF assets accounting for about 4% of ETH's market value.
3. Institutional demand is rising, with companies like SharpLink Gaming accumulating 280,706 ETH, surpassing the Ethereum Foundation's holdings.
4. Other major altcoins, including XRP, Solana, and BNB, also saw price increases, while Bitcoin's market dominance declined by 2.59 points weekly.
5. Analysts suggest Ethereum's rally, combined with ETH staking, could push the cryptocurrency toward its historic peak of $4,600.
Description
Ethereum's price exceeded $3,400 due to record ETF inflows. Institutional investors significantly influence Ethereum's long-term positioning. Continue Reading: Ethereum Surpasses $3,400 Following Record ETF Inflows The post Ethereum Surpasses $3,400 Following Record ETF Inflows appeared first on COINTURK NEWS .
Latest News
- Crypto Markets Surge as Bitcoin and PEPE Coin Target New Heights2025-07-17 16:43:06
- Trump Faces Powell with Mounting Pressure2025-07-17 15:55:58
- Ripple Reaches New Milestones: XRP’s Growth Continues2025-07-17 14:53:45
- Bitcoin and Ethereum Surge Ignites Crypto Market Excitement2025-07-17 14:23:11
- BlackRock’s Strategic Moves Pave the Way for Altcoin ETF Opportunities2025-07-17 13:52:14