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Ethereum’s market value saw a significant surge after the latest ETF inflows of $726 million were recorded, according to a recent report.
Institutions appear to be increasingly interested in investing in Ethereum-based assets, given that these funds have experienced record-breaking inflows. BlackRock’s ETHA, which is led by institutional investor flows, has emerged as the market leader with an impressive $499 million influx on July 16.
The total capital flowing into Ethereum ETFs has now exceeded $6.48 billion, while its net assets now reach a staggering $16.41 billion, roughly equal to 4% of Ethereum’s circulating supply.
BlackRock’s dominance in this space is a testament to their commitment to the growth and development of Ethereum-based financial products.
Source: cryptotale.org
