Ethereum continues to attract increasing attention from institutional investors, as evidenced by significant ETF inflows and price growth.
Growing Interest from Institutional Investors
According to Farside Investors, BlackRock's ETHA attracted nearly $500 million, while Fidelity's FETH garnered $113 million. This has led to a surge in total ETH holdings across spot ETFs, surpassing 5 million coins, which accounts for over 4% of Ethereum's circulating supply.
Corporate Investments in Ethereum
Recent data indicates that corporate balance sheets now hold over $5.3 billion in Ether, with $1.6 billion added in just the past month. SharpLink Gaming alone acquired $343 million worth of ETH in just eight days.
Analysis of Current ETH Market Trends
ETH's price climbed above $3,440, up more than 7% in 24 hours and 30% over the past two weeks. Analyst Matthew Hyland noted that the continued strength in ETH could signal the end of Bitcoin's dominance cycle, currently hovering around 61%.
Institutional investments and the resurgence in the Ethereum market signal significant interest in cryptocurrencies, placing ETH at the center of the current crypto cycle.
