ETH Spot ETF, 3 trillion won net inflow…Record high since launch

The 뉴스 · 25/07/21 23:48:35 · mu/뉴스

Institutional demand for Ethereum (ETH) is gaining momentum in earnest. According to Cointelegraph, the funds inflowed into the U.S. Ethereum spot ETF last week amounted to a total of 2.18 billion dollars (about 3 trillion won), recording the largest weekly net inflow since its launch.

During the same period, a net inflow of 2.39 billion dollars (about 3.3 trillion won) was also seen in the Bitcoin spot ETF, showing a strong capital inflow trend for both major assets. In particular, this record for the ETH ETF is interpreted as a turning point in a situation where demand was relatively limited compared to Bitcoin.

It seems that institutional investors have started to incorporate ETH into their portfolios in earnest, and the increased accessibility through ETFs could have a long-term impact on prices and supply and demand. The market is noting the trend in which ETH is establishing itself as another key institutional asset alongside Bitcoin.

158
0

Comments 0

Loading...