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no one’s talking about this: ETHEREUM SPOT ETF breaks records with $5.43 billion inflow in July 📈
bro ethereum ETF inflow $5.4B in July?? 🚀💸 ETH to the moon, forget btc, it’s altcoin
ethereum Spot ETFs experiencing a record $5.43 billion influx in July underscores the increasing institutional interest in the asset class: this surge, coupled with
In July, Ethereum Spot ETFs saw a record $5.43 billion net influx, marking a 369% increase from June.📈 This surge, along with 20 consecutive days of net inputs, solidified Ethereum’s position in traditional markets.💼 The total net assets in all ETH spots also jumped to $21.52 billion, representing 4.77% of Ethereum’s market cap. Institutional interest, particularly from Blackrock and Fidelity, played a significant role in this growth.💰🏦
The price rally in ETH throughout July, reaching $3,933 from $2,486, aligns with the ETF records.🚀 This rally, alongside the longest monthly candle in almost three years, indicates growing investor confidence in Ethereum.🕯️ If this momentum continues, Ethereum could challenge its $4,878 peak from November 2021, potentially leading a wider market cycle driven by Altcoin.🔥
The ETHEREUM SPOT ETF has set a new record in July with a monthly influx of $ 5.4 billion
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