Inflows into Ethereum ETFs are hitting new records, igniting investor interest and leading to notable price gains for ETH.
Ethereum ETF Inflow Metrics
In a single day, inflows into Ethereum ETFs grew by over $452 million, raising the total year-to-date to $9.33 billion. The BlackRock ETHA fund led these inflows, bringing in $440 million. With a 16-day inflow streak, Ethereum ETFs have reached record levels, now comprising 4.64% of the total circulating ETH supply.
Ethereum Price Surge Amid Inflows
Currently, the price of Ethereum is $3,810.75. Recently, spot prices have fluctuated between $3,708 and $3,864. This surge correlates closely with the inflow into Ethereum-based ETFs, highlighting the connection between institutional demand and price dynamics.
Future of Ethereum ETFs and Short-Term Projections
Analysts predict that the price of Ethereum could reach around $4,100 by early August, based on current inflow trends and market sentiment. With capital flowing out of Bitcoin ETFs, Ethereum is emerging as a strategic asset for institutional investors.
Ethereum ETF inflows continue to climb, with BlackRock's ETHA leading the charge. As interest in Ethereum grows, its reputation as a strategic asset solidifies, suggesting long-term confidence in its utility and investment potential.
