Recent data shows significant growth in interest in Ethereum from institutional investors. Specifically, the volumes of investments in ETFs and stablecoins have sharply increased.
ETFs Dynamics of Ethereum
In the last 24 hours, Ethereum ETFs attracted $227.16 million, which is more than double Bitcoin figures. In a single session, 61,561 ETH were raised, indicating high interest from institutional investors. Fidelity invested 56,171 ETH, highlighting their confidence in the asset.
Stablecoin Supply on Ethereum
Ethereum witnessed an increase in stablecoin supply by $530.7 million in just one day. This confirms Ethereum's dominant position in the stablecoin market, with over 55% of the total $240.1 billion market now controlled, showcasing significant superiority over competitors.
Forecasts and Support for Ethereum from Notable Figures
Eric Trump backed a bold prediction, stating that Ethereum should be valued above $8,000. This assertion is based on M2 growth analysis and is supported by over 6,700 social media users. Trump's claim about $ETH maneuvers towards global attention and may herald further asset growth.
Institutional investments in Ethereum continue to grow, which could positively affect the asset's future. Predictions supported by data and authoritative figures create a strong foundation for Ethereum's further market development.
