Ethereum Soars Amidst Bitcoin’s Slump, Institutional Flows Fuel Record High

Despite a generally stagnant cryptocurrency market, Ethereum has emerged as the frontrunner. Following a period of slow growth, institutional investment is driving record inflows for Ethereum-based exchange-traded products (ETPs). This surge in interest comes at a time when Bitcoin’s value remains relatively stable, though far from its recent highs. Ethereum, benefiting from regulatory clarity and robust DeFi activity, has attracted an unprecedented $321 million in ETP inflows over the past week. This is fueled by both institutional investment and retail enthusiasm, with analysts predicting further growth should Bitcoin reclaim its position above $106,000.