Ether ETF Inflows Surge Past $800M
Spot Ether (ETH) exchange-traded funds (ETFs) in the US have seen a remarkable inflow surge, exceeding $837.5 million since May 16th. This marks three consecutive weeks of positive inflows, a trend potentially exceeding $1 billion if it continues next week.
Record-Breaking Inflows for Ether ETFs
Data from Farside shows that daily inflows have continued for 15 consecutive days. On June 6th alone, spot Ether ETFs saw inflows of $25.3 million. This represents approximately 25% of the total $3.32 billion in net inflows since the launch of spot Ether ETFs in July 2024.
This sustained positive trend contrasts sharply with the spot Bitcoin (BTC) ETF market, which experienced a reversal on May 29th, with $346.8 million in outflows. Since then, Bitcoin ETF flows have been more volatile.
Ether Price Strength and Future Outlook
The strong inflow into Ether ETFs coincides with a significant rise in Ether's price. Over the past 30 days, Ether's price is up 31.23%, trading at $2,490 at the time of writing (Source: CoinMarketCap). This price increase has fueled speculation about the potential for further growth. Some analysts even point to a possible price rally towards $6,000 in the coming months, based on a multi-year gold fractal.
Technical analyst Crypto Eagles suggests that Ether might be repeating a pattern from the 2024-2025 cycle, potentially leading to a new all-time high. Ether's current all-time high is $4,878 (Source: CoinGecko).
Staking ETFs and the Future
Experts believe that incorporating staking into spot Ether ETFs could further enhance their long-term performance. The potential launch of the first Ethereum and Solana staking ETFs in the US, following a recent filing by REX Shares, could be a significant development in this area.
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