Ethereum ETFs Drive Market Surge, OKX Token Burn Fuels Price Growth

Ethereum exchange-traded funds (ETFs) saw a significant influx of $2.3 billion in just one week, fueled by growing institutional interest. This coincided with OKX’s major token burn, reducing the supply of its native token OKB and boosting market capitalization. Ethereum’s price surged nearly 20%, nearing its all-time high of $4,646. OKB’s value shot up 111% due to this reduced circulating supply. These events signify a broader shift towards altcoins with more stable protocols and better market positions.