Ethereum ETF Inflows Fuel Rally, But Investors Eye DeFi Project Mutuum Finance

Ethereum’s spot ETFs attracted $564.18 million in May, a record high for the year and signaling strong investor interest. This bullish trend has propelled the altcoin’s price past $2,500 as ETH consolidates. The influx of investment is being spurred by investors seeking high-yield opportunities. Meanwhile, Mutuum Finance (MUTM), a DeFi project that offers innovative lending models, is gaining traction. 3rd phase of its presale has attracted over $10 million in funding and nearly 540 million tokens sold. Investors are eyeing this DeFi project for its unique approach to lending as they await phase 6 and the launch of its beta platform.