Ethereum ETFs Smash Records with $1 Billion Inflows, Analyst Predicts Market Shift

Record-breaking inflows into Ethereum exchange-traded funds (ETFs) highlight the growing interest in the crypto giant. On August 12th alone, a staggering $1.02 billion flowed into these funds, marking the largest single-day inflow since their launch and exceeding $1 billion for the first time ever. This surge has been attributed to bullish sentiment fueled by continued growth of DeFi applications and rising interest from institutional investors.