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.
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