Ether ETFs Dey Drive Crypto ETP Inflows Reach $3.75B Wit Record Volumes
Global crypto exchange-traded products (ETPs) draw $3.75 billion inside last week, waka by record demand for Ether ETFs wey net $2.9 billion as ETH price come near $4,700. Bitcoin ETPs still get $552 million inflow even as BTC pass $124,000, meanwhile Solana (SOL) and XRP post $176.5 million and $125.9 million for positive flows. Bloomberg ETF analyst Eric Balchunas highlight big $40 billion trading volume for spot crypto ETFs, including record $17 billion for Ether ETF turnover for four days. Strong institutional taste for Ether ETFs show say investors dey confident and e dey signal say crypto market get bright future.
Bullish
Di strong $2.9 billion wey dem put inside Ether ETFs join with di unprecedented $17 billion trading volume wey happen within four days dey show say institutional interest and liquidity dey grow fast, we go likely make ETH price go up for short term. Di same time inflows go Bitcoin, Solana, and XRP still show say market power strong for all corner. For long term, di record demand for Ether ETFs fit set new standard for institutional participation, help maintain sustained bullish momentum and better market stability as investors dey prefer regulated vehicles for ETH exposure.