Ethereum (ETH) breaks RECORD
On Friday, capital inflows into Ether spot ETFs reached an all-time high. Total net inflows into Ethereum spot ETFs reached $333 million, surpassing Bitcoin spot ETFs ($320 million) for the first time in history. Total historical net inflows into ETHA to date have reached $2.1 billion.
Recent developments in the DeFi space are quite exciting. After almost two years, the total locked value has broken a new record by exceeding the $100 billion barrier. The impact of spot Bitcoin and Ethereum exchange-traded funds (ETFs) launched in January was quite decisive in this success.
The launch of Ethereum ETFs had various effects on the cryptocurrency market. These ETFs provide a more accessible and regulated way for traditional investors to participate in the Bitcoin and Ethereum markets, potentially attracting more capital and increasing liquidity.
Institutional demand in particular has provided a positive momentum in the crypto markets, with interest in spot Ethereum ETFs increasing. As a result, the price of Ethereum exceeded $3,660 this week.
If there is no World War III, no disruption in Trump’s policies, ETH is expected to exceed $6,000 by 2025, based on the developments, growth and interest in the DeFi space.
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