Ethereum ETFs Surge as Inflows Hit $13.5 Million, Fueling Gains Towards $3,200

Ethereum’s ETF inflows hit a significant milestone of $13.5 million this week, with prices surging to near $2,700. Driven by institutional buying and the increasing popularity of spot ETFs, Abraxas Capital alone bought $561 million in ETH, further boosting market confidence. ETH futures open interest also surged 14% to $32.61 billion, signaling heightened investor appetite for the asset.