Ethereum ETFs Surge: $20 Million Inflows Signal Institutional Confidence

Ethereum Exchange Traded Funds (ETFs) saw a significant influx of investments, totaling $20 million, as the ETH/BTC ratio rebounded from key support levels. This surge in institutional interest comes alongside historically low supply of Ethereum held on exchanges, fueling optimism among investors. 8,404 ETH was added to nine U.S.-based funds on May 20th, according to Lookonchain, marking a significant shift in the market’s dynamics.