New York, June 7, 2024 - US-based spot Ether ETFs have just completed their third consecutive week of inflows. This streak could surpass $1 billion in total inflows if the trend continues.
On June 6, spot Ether ETFs saw $25.3 million in inflows, extending the streak to 15 consecutive days, according to Farside data. The current inflow streak, starting May 16, has brought in $837.5 million, approximately 25% of the total $3.32 billion in net inflows since the ETFs launched in July 2024 (Source: Cointelegraph, June 7, 2024).
In contrast, spot Bitcoin ETFs experienced a break in their inflow streak on May 29, with $346.8 million in outflows. Since then, flows have been volatile, alternating between inflows and outflows (Source: Cointelegraph, June 7, 2024).
Meanwhile, Ether's spot price has increased by 31.23% over the past 30 days, trading at $2,490 at the time of publication (Source: Cointelegraph, June 7, 2024). Some analysts predict a potential rally towards $6,000 in the coming months.
Industry experts suggest that incorporating staking into spot Ether ETFs could boost long-term performance. The first Ethereum and Solana staking ETFs could launch in the United States soon, following a recent filing by REX Shares (Source: Cointelegraph, June 7, 2024).