Record Inflows into Spot Ether ETFs Suggest Growing Institutional Interest Amid ETH’s Recent Surge
Main Idea
Spot Ether ETFs saw record inflows of $1.01 billion, driven by a 45% surge in Ethereum's price, indicating strong institutional interest.
Key Points
1. BlackRock’s iShares Ethereum Trust ETF attracted $640 million of the inflows, outpacing Bitcoin ETFs by over $462 million.
2. Ethereum’s price surged 45% in the last month, contributing to the bullish trend in ETF inflows.
3. Ether held on exchanges hit a nine-year low, dropping to 15.28 million ETH, signaling potential long-term storage moves.
4. Ether ETFs have bought over 50% of the ETH issued since the Merge in late 2022, totaling 238,000 ETH in a single day.
5. Short-term traders are booking profits, suggesting expectations of a potential pullback in ETH's price.
Description
Spot Ether ETFs saw their largest net inflow day ever, totaling $1.01 billion, as Ethereum’s price surged 45% in the last month, significantly outpacing Bitcoin ETFs. Record inflows into Ether
Latest News
- AguilaTrades’ 15x Leveraged ETH Short Faces Liquidation Risks Amid Market Volatility Near $4,2582025-08-12 09:25:57
- Vitalik Buterin Proposes Ethereum Address Recovery Feature to Enhance Wallet Security2025-08-12 09:13:58
- SHIB Shows Potential for Bullish Momentum Amid Technical Squeeze and Increasing Trading Volume2025-08-12 09:10:07
- XRP Whales Accumulate 900 Million Tokens Amid Price Stability, Suggesting Potential for Future Breakout2025-08-12 08:58:01
- Bitcoin’s Long-Term Holders Shift Toward Accumulation, Suggesting Potential for Price Growth2025-08-12 08:43:15