Ethereum ETF Inflows Slow Down After Record Week

While Ethereum spot ETFs experienced record inflows earlier this month, their momentum has recently slowed down. Nearly $3.7 billion flowed into these funds within just eight days, with a peak day of over $639 million. BlackRock, Fidelity, Grayscale, and Invesco were key drivers of this surge. The ETH price soared to nearly $4,878, nearing its all-time high. 877,106 ETH are awaiting withdrawal from the staking pool, suggesting a profit-taking phase may be underway. Despite this slowdown, the future of Ethereum is looking bright. It continues to attract investors through yield generation and ongoing innovation. This has led to the rapid growth of its ETF assets, which now stand at over $29 billion – representing 5.3% of the entire market capitalization. Experts see potential for ETH to reach $7,500 by year-end, with Standard Chartered recently revising their prediction upwards from $4,000 previously.