Amid rising Ethereum prices, ETFs recorded record inflows, capturing investor attention and increasing capitalization.
Record Inflows into Ethereum ETFs
Last week, Ethereum ETFs achieved historically high results, attracting $907.99 million in net inflows. According to data from SoSoValue, this is the best weekly result since trading commenced on July 23, 2024.
Ethereum Price Growth
Alongside these inflows, Ethereum's price saw a significant rise, increasing over 17% during the week. On July 11, ETH surpassed the $3,000 mark, which was also confirmed by data from CoinMarketCap.
Comparison with Bitcoin ETFs
The surge in inflows to Ethereum ETFs has drawn comparisons to Bitcoin ETFs, which have traditionally led the market. Some asset managers, including BlackRock, have begun increasing their allocation to Ethereum in their crypto funds.
Record inflows into Ethereum ETFs indicate a growing interest among investors and the promising nature of Ethereum as an investment asset.
