Crypto Express

07/18 09:49

Are ETFs fueling Ethereum’s surge as inflows

Are ETFs fueling Ethereum’s surge as inflows accelerate?

Ethereum ETFs have seen notable growth in July, with net inflows of 79,674 ETH, equivalent to over $256 million. iShares’ Ethereum ETF alone accumulated 55,984 ETH worth $180.27 million, according to Lookonchain. 

Although Bitcoin ETFs also posted sizable net inflows of 3,412 BTC (~$404 million), Ethereum’s relative growth in ETF demand stands out. 

These inflows signal rising institutional confidence in Ethereum’s long-term utility and value proposition. Consequently, they may be a key driver behind ETH’s stronger performance in recent weeks.

#Share Your Thoughts on Popular Assets in June#Claim1,200 USDT in the Monthly Creation Challenge#Focus on NFT

69Share