Ethereum Ethereum see $ 729 million stimulating while the ETH price is getting closer to all time

The Spot listed in the United States Ethereum Exchange Funds (ETF) won another historic performance on August 13, attracting more than $ 729 million on daily entries.

This marks the nine funds on the seventh consecutive day of positive flows and their second largest transport in one day since its launch last year.

In particular, the realization comes just two days after the record of August 11, when the entries exceeded $ 1.02 billion.

Blackrock’s Afflux of Etha

According to data from Soso Value, Etha de Blackrock led the charge with $ 500.9 million, followed by Feth de Fidelity, which attracted $ 154.7 million. Meanwhile, Graycale’s Graycale ETH and ETH respectively recorded $ 51.34 million and $ 7.83 million.

Other products, including Bitwise and Franklin Templeton ETF, added $ 14 million combined, while the remaining three ETFs showed no activity during the day.

Nate Geraci, president of Novadius Wealth, underlined the recent momentum, stressing that three of the first six days of entry since the launch took place this week.

He added that investors have injected $ 3 billion in the last seven negotiation sessions.

Ethereum FNBS with fuel flow to ATH

The FNB entrances in the entrances coincided with a strong upward movement of the Ethereum price.

According to Geraci, these coherent FNB entries question the story that these products simply served as exit liquidity. He stressed that the ETH price at the launch of Spot ETF in July 2024 was $ 3,500, against $ 4,700 today.

According to Cryptoslate Data, ETH is negotiated about $ 4,726 at the time of the press, reflecting a gathering of 27% in the last seven days and more than 50% growth in the last month.

Despite this momentum, ETH remains approximately 2.75% below its $ 4,864 summit, established in November 2021.

Meanwhile, the CEO of Okx Us Roshan Robert said Cryptoslate That the robust fundamentals of Ethereum also lead the current ascending momentum of the digital asset.

He noted that ETF entries are supplemented by a record activity on the chain and an increasing participation of jealking, with more than 36 million ETH, almost a third of the supply, now locked.

According to him, this reduction in the float and the growing demand for ETH products and the markup could prepare the ground for new price gains.

He added:

“The next chapter for ETH is whether the infrastructure led by Ethereum can maintain and accelerate as the adoption of ETF develops and that chain activity is reached new records.”

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