Ethereum (ETH) is experiencing significant growth recently, demonstrating a surge of up to 30% in just one week. This trend is accompanied by record capital inflows into ETFs, indicating strong investor interest.
Growth of Ethereum and ETF Records
Ethereum has become a significant focus, reaching a growth mark of 30% in just seven days. At the same time, historical successes began for spot Ethereum ETFs, which had previously not met investors' expectations. On Wednesday, according to Farside Investors data, these ETFs recorded a net inflow of $726.6 million.
Financial Flows and Their Significance
Against the backdrop of Ethereum's rise, ETFs from BlackRock and Fidelity showed significant capital inflows. BlackRock ETHA attracted $499.2 million, while Fidelity FETH drew in $113.3 million. Other funds requested smaller amounts, such as Bitwise ETHW with $14.4 million and Grayscale ETHE with $33 million. All of this indicates a growing interest in Ethereum from institutional investors.
Overall Market Dynamics of Ethereum
Currently, US spot Ethereum ETFs hold over 5 million ETH, accounting for over 4% of the total circulating supply. Before the historic inflows that occurred on Wednesday, the previous record of $428 million was set on December 5, 2024.
Thus, Ethereum and related ETFs are experiencing a period of significant growth, demonstrating the increasing interest in cryptocurrencies and their potential for further development in the market.
