Ethereum ETFs Keep Raking It In—$634M Over 11 Straight Days

Wall Street’s latest crypto crush isn’t slowing down. Ethereum ETFs just notched an 11-day inflow streak, vacuuming up another $634 million from investors who apparently think ’regulated volatility’ is a selling point.

The institutional FOMO is real

No slowdown in sight as traditional finance keeps trying to eat crypto’s lunch—while still charging 2% management fees for the privilege. The streak suggests either unwavering conviction or a herd of suits finally reading the same bullish analyst report.

Cynical take
: Nothing makes money move faster than FOMO wrapped in an SEC-approved package. Just don’t ask what happens when the music stops.

The surge in Ethereum ETFs comes amid diminishing inflows in the spot Bitcoin ETFs. Over the past three trading sessions, Bitcoin ETFs have lost $1.242 billion as they continue losing ground against emerging cryptocurrencies like Ethereum and Solana.

Since the beginning of May, Ethereum has caught significant attention from market players as it shifted from an oversold to the most buoyed asset. Several large institutions have started focusing on Ethereum, with SharpLink, a well-known gaming-marketing firm, making a bold MOVE by announcing a plan to purchase $1 billion of Ethereum. All these pushes have fueled Ethereum, with its price continuing with the bullish run. 

At the time of writing, Ethereum (ETH) is trading at $2,618—up 5.50% in the past 24 hours. Its daily trading volume has also continually gained since May, which currently sits at $21.17 billion, a spike of 52% in the past 24 hours. 

Also read: ethereum price Eyes $3000, Meme Coins PEPE & WIF Drive Market Rebound