Ethereum vehicles attracted $36 million following the U.S. SEC’s approval of Ethereum ETFs, marking a two-month high in net inflows. This approval led to a 30% surge in Ethereum’s price, pushing its market cap to $450 billion and nearing $4,000 per token.
This surge ended a 10-week bearish period, indicating a positive sentiment shift. Ethereum’s inflows coincided with a three-week streak for digital asset investment products, with $1.05 billion in net capital flowing into various crypto funds last week.
The rising demand for crypto investment channels drove year-to-date flows to a record $14.9 billion. This event underscores growing investor confidence in Ethereum and its strategic importance in the broader digital asset market.
