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# Ethereum ETFs See Unprecedented Inflows as Prices Hit Yearly Highs
Ethereum (ETH) Exchange-Traded Funds (ETFs) witnessed an extraordinary milestone, with over $726 million in single-day inflows on Wednesday, according to Decrypt. This record-setting moment comes as Ethereum’s price soars to its highest levels since January 2023, signaling strong momentum across the ecosystem.
Farside Investors, a UK-based asset management firm, revealed that nine Ethereum ETFs collectively attracted $2.3 billion during a remarkable nine-day streak of consecutive inflows starting July 3. By Thursday, Ethereum was trading just below $3,500—a significant 23% climb within a week—continuing to build bullish momentum.
# Wave of Institutional Investments Driving Ethereum’s Rally
Ethereum’s recent price surge is largely attributed to heightened institutional buying activity from major Ethereum-focused companies. Notably, BitMine Immersion, backed by prominent investor Peter Thiel, added more than $500 million in Ethereum to its portfolio on Thursday, pushing its total ETH holdings past $1 billion. The firm reaffirmed its ambitious strategy of acquiring and staking 5% of Ethereum’s global supply.
Meanwhile, Minnesota-based SharpLink Gaming made headlines by purchasing $225 million worth of Ethereum earlier this week. This move followed the firm’s successful $425 million capital raise. SharpLink also announced the appointment of Joseph Lubin, CEO of ConsenSys and Ethereum co-founder, to its board of directors, signaling growing institutional alignment with Ethereum’s ecosystem.
# Bullish Trends Reflect Growing Optimism for Ethereum ETFs and Network Adoption
The explosive inflows into Ethereum ETFs reflect widespread optimism about Ethereum’s expanding network utility. As one of the leading protocols underpinning stablecoin transactions, Ethereum’s ecosystem is positioned to capitalize on regulatory developments. The U.S. Congress is currently reviewing the “GENIUS Act,” legislation that could significantly boost the stablecoin market if passed.
Crypto analyst and “Crypto Is Macro Now” newsletter author Noelle Acheson noted on Thursday that Ethereum might benefit more profoundly than Bitcoin (BTC) from the GENIUS Act. Acheson also highlighted the potential for spot Ethereum ETFs to incorporate staking rewards, making these products more appealing to institutional and retail investors alike.
# Nasdaq's Proposal Sparks Excitement for ETH ETFs
Investor sentiment received another boost on Thursday when Nasdaq filed a proposal with the U.S. Securities and Exchange Commission (SEC) aimed at enabling BlackRock’s iShares Ethereum Trust (ETHA) to introduce staking reward functionalities. This development could set a precedent for Ethereum ETFs, with the SEC expected to deliver decisions on related ETF proposals by October.
According to CoinGlass analytics, spot Ethereum ETFs collectively manage about $14 billion in assets under management (AUM). Although Ethereum ETFs have historically lagged behind their Bitcoin counterparts in popularity, the recent surge in inflows is closing the gap. For perspective, Bitcoin ETFs reported $799 million in AUM as of Thursday, only slightly ahead of Ethereum’s growing numbers.
As Ethereum sees increasing interest from institutional investors and potential regulatory tailwinds, the cryptocurrency’s outlook appears particularly promising. With adoption accelerating and Ethereum’s broader ecosystem evolving rapidly, Ethereum ETFs are well-positioned for sustained growth in the months to come.
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