Ethereum Leads Crypto Momentum with Massive ETF Inflows

Leading the surge were BlackRock’s ETHA, which attracted nearly $500 million, and Fidelity’s FETH with $113 million, according to Farside […]

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Leading the surge were BlackRock’s ETHA, which attracted nearly $500 million, and Fidelity’s FETH with $113 million, according to Farside Investors.

This rush of institutional interest has pushed the total ETH holdings across spot ETFs to over 5 million coins—more than 4% of Ethereum’s circulating supply. In a striking contrast, ETFs bought around 107 times more ETH on Wednesday than was issued by the network, per data from Ultra Sound Money.

Meanwhile, ETH’s price climbed above $3,440, up more than 7% in 24 hours and 30% over the past two weeks. Other major altcoins joined the rally, with XRP, DOGE, and SOL posting strong gains, while Bitcoin lagged behind with a modest 0.7% rise. Analyst Matthew Hyland noted that continued strength in ETH could signal the top of Bitcoin’s dominance cycle, currently hovering at 61%.

   

 

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Corporations are also aggressively accumulating ETH. Over $5.3 billion in Ether is now held on corporate balance sheets, with $1.6 billion added in just the past month. SharpLink Gaming alone acquired $343 million worth in eight days, including $68 million in the last 24 hours. World Liberty Financial, backed by President Donald Trump, added another $5 million, and BitMine Immersion Technologies revealed it now holds over half a billion dollars in ETH.

With institutional flows accelerating and altcoins gaining ground, Ethereum is quickly becoming the focal point of the current crypto cycle.

The post Ethereum Leads Crypto Momentum with Massive ETF Inflows appeared first on Coindoo.

 

Source: https://coindoo.com/ethereum-leads-crypto-momentum-with-massive-etf-inflows/

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