Recent growth in institutional investments in Ethereum ETFs highlights the increasing interest in this cryptocurrency amid rising prices.
Sharp Rise in Investments in Ethereum ETFs
In recent days, there has been a significant rise in investments in Ethereum ETFs. BlackRock's ETHA attracted $500.9 million, while Fidelity’s FETH garnered $154.7 million. The total investment in Ethereum over Monday and Tuesday reached $1.02 billion, demonstrating high demand from institutional investors.
Price Predictions for Ethereum
Standard Chartered now expects Ethereum to hit $7,500 by the end of the year, revising its forecast from $4,000. Key drivers behind this growth include ETF momentum, corporate treasury adoption, favorable shifts in U.S. stablecoin policy, and improved market structure.
Investment Flows in Bitcoin ETFs
Amid the growing interest in Ethereum, Bitcoin ETFs also saw steady inflows, with $86.9 million on Wednesday following $65.9 million on Tuesday and $178.2 million on Monday.
The surge in institutional investments in Ethereum and optimistic price forecasts reflect the increasing interest in cryptocurrencies among major market players.
