In a significant shift, Ethereum ETFs are experiencing substantial capital inflows, potentially signaling a price surge for the cryptocurrency. This development comes as Bitcoin spot ETFs have seen approximately $120 billion invested by institutional investors since January 2024.
Yesterday alone, over $100 million was invested in $ETH through spot Ethereum ETFs. This trend contrasts with the recent capital outflows from Bitcoin ETFs, leading analysts to believe that $ETH could soon reclaim the $3,000 mark.
Adding to the bullish sentiment, a major investor has increased their Ethereum holdings by $283 million, bringing their total $ETH value to $365 million. This influx of institutional capital is considered crucial for driving Ethereum's price towards an all-time high.
Experts are also highlighting the potential of Solaxy ($SOLX), a Layer-2 solution for the Solana ecosystem, which has already raised nearly $44 million in its presale. This project aims to enhance the stability and scalability of the Solana network.