🚀 Ethereum ETFs Smash Records: $726M Flood In as ETH Soars Past $3,400

Wall Street's crypto crush hits new highs as Ethereum ETFs vacuum up $726 million in a single surge—proving even traditional finance can't resist DeFi's golden child.

ETH bulls charge past $3,400

The second-largest cryptocurrency isn't just riding Bitcoin's coattails anymore. With institutional money pouring into ETFs like degenerate gamblers at a Vegas sportsbook, Ethereum's breaking free from its 'altcoin' label.

Funny how fast bankers embrace the tech they called a 'scam' three years ago. Now watch them repackage it with 2% management fees.

Meanwhile, other funds also showed positive traction as well during the reporting period.

Grayscale’s Ethereum-focused funds brought in $87 million, Bitwise’s ETHW followed with $14 million, and Franklin Templeton’s EZET registered a $5 million inflow. Invesco’s QETH and VanEck’s ETHV added $3.7 million and $3.6 million, respectively.

Altogether, these Ethereum ETFs now manage $16 billion in assets and have attracted more than $6 billion in cumulative net inflows since launching.

The recent surge in inflows marks a significant shift in market sentiment. After months of subdued activity, interest in Ethereum funds began to recover in late April.

This trend gained momentum through June and now appears to be accelerating, with the funds pulling $1.8 billion in new capital over the last five trading sessions.

As a result of the latest wave of capital, ETH price rose above $3,400, its highest level in over six months.