"Institutional interest in ETH has surged recently, driven by record-breaking ETF inflows and corporate treasury adoption. US-based spot Ethereum ETFs have seen unprecedented demand, with single-day inflows reaching a record $1.02 billion on Aug. 11 and cumulative net inflows exceeding $13.7 billion since their July 2024 launch. These investment products continue to attract capital, drawing $39.1 million in net inflows on Thursday."
"Inflows into ETH ETFs have also outpaced Bitcoin ETFs, attracting 10x more capital than BTC ETFs, and reflecting the current capital rotation into Ether products. Ether also continues to grow as a corporate treasury reserve asset, with BitMine Immersion Technologies buying 78,791 more ETH worth $354.6 million. With the latest acquisition, the company holds approximately $8 billion worth of ETH, making it the largest corporate holder."
Ether rallied to new all-time highs above $4,950 before retracing over 12% to about $4,300. Multiple data points indicate room for further gains in 2025. US-based spot Ethereum ETFs have seen unprecedented demand, recording a single-day inflow of $1.02 billion on Aug. 11 and cumulative net inflows above $13.7 billion since July 2024. ETF inflows have outpaced Bitcoin ETFs by roughly 10x. Corporate treasury adoption is growing, with BitMine Immersion Technologies adding 78,791 ETH ($354.6M) and holding about $8 billion in ETH. Bullish technicals and a 195% ETH/BTC gain since April support higher targets, including $7,000 and $12,000 scenarios.
Read at cointelegraph.com
Unable to calculate read time
Collection
[
|
...
]