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Ethereum ETFs: Asset Inflows Reach $729 Million

Ethereum ETFs: Asset Inflows Reach $729 Million

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by Giorgi Kostiuk

2 hours ago

Ethereum ETFs continue to attract market attention, showing significant capital inflows and provoking investor interest.

Record Inflows of Ethereum ETFs

According to SoSo Value data, Ethereum ETFs have shown a remarkable surge of $729 million, the second-highest inflow after the record $1.02 billion. The total asset value of Ethereum ETFs currently stands at $29.72 billion, with a weekly increase of $2.27 billion.

Current Market Conditions for Ethereum

At the time of writing, the price of Ethereum is $4,740.82, up by 2.35% in the last 24 hours. The increase in assets is likely due to rising ETF prices, increased staking, and network improvements, which bolster investor confidence.

How Bitcoin Is Responding

Bitcoin is also seeing growth, reaching its all-time high of $124,210.62, with the current price at $121,725.35. Despite a significant decline in inflows to Bitcoin ETFs, investor numbers and interest in the crypto market remain high.

Inflows into Ethereum continue to grow, increasing investor interest and bringing Ethereum closer to challenging Bitcoin's market leadership.

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