U.S.-based spot Ether exchange-traded funds (ETFs) have experienced a notable run, recording inflows for three consecutive trading weeks. As of June 6, the inflow streak has reached $837.5 million since May 16, which is about 25% of the overall $3.32 billion in net inflows since these ETFs began in July 2024. If this trend continues, the total could hit $1 billion in the upcoming week.
On June 6 alone, these ETFs brought in $25.3 million, marking 15 straight days of inflows, as reported by Farside data. In contrast, spot Bitcoin ETFs had a different experience, with their inflow streak interrupted on May 29, leading to $346.8 million in outflows. The price of Ether has risen by 31.23% over the past month, trading at $2,490 as of the latest data from CoinMarketCap.
Technical analyst Crypto Eagles noted that Ether may be repeating patterns observed in previous cycles that could lead to a price rally towards $6,000, capitalizing on the all-time high of $4,878 seen in November 2021. There is ongoing discussion among industry experts about enhancing Ether ETFs by incorporating staking, which may contribute to better long-term performance. Following a recent filing, it is anticipated that staking ETFs for Ethereum and Solana could launch in the U.S. soon. ETF analyst James Seyffart remarked on the potential regulatory strategies used to fast-track these products to market.
On June 6 alone, these ETFs brought in $25.3 million, marking 15 straight days of inflows, as reported by Farside data. In contrast, spot Bitcoin ETFs had a different experience, with their inflow streak interrupted on May 29, leading to $346.8 million in outflows. The price of Ether has risen by 31.23% over the past month, trading at $2,490 as of the latest data from CoinMarketCap.
Technical analyst Crypto Eagles noted that Ether may be repeating patterns observed in previous cycles that could lead to a price rally towards $6,000, capitalizing on the all-time high of $4,878 seen in November 2021. There is ongoing discussion among industry experts about enhancing Ether ETFs by incorporating staking, which may contribute to better long-term performance. Following a recent filing, it is anticipated that staking ETFs for Ethereum and Solana could launch in the U.S. soon. ETF analyst James Seyffart remarked on the potential regulatory strategies used to fast-track these products to market.
