US Ethereum Exchange-Traded Funds’ Notable Performance: Week’s Net Inflows Surpass $460 Million
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US Ethereum ETFs Close Week With $460-M Performance As ETH Price Crosses $4,200
The US-based Ethereum exchange-traded funds (ETFs) have recently wrapped up the week with a substantial performance of over $460 million in net inflows. This remarkable outcome marks a significant shift from the earlier trend of consecutive withdrawals at the start of August.
As per market data available, it can be seen that the spot crypto ETFs and Ethereum prices are closely intertwined. This relationship was once again demonstrated this week as investors began to rekindle their enthusiasm for the cryptocurrency market. The most recent development is no exception to this rule, as we can see a surge in ETH price crossing the $4,200 mark.
A significant executive order signed by United States President Donald Trump has contributed to the resurgence in investor sentiment towards Ethereum ETFs and associated assets. This pivotal decision enables crypto investments within retirement (401(k)) plans.
Source: bitcoinist.com
