Spot eth ETFs w/ $340mil inflows yesterday…
So far in August:
Spot eth ETFs = $2.8bil inflows
Spot btc ETFs = $1.2bil *outflows*
Since beginning of July:
Spot eth ETFs = $8.2bil inflows
Spot btc ETFs = $4.8bil inflows
Notable recent shift.
The crypto lawyer said:
I don’t know if ETH can hit $20K or more this cycle, like some folks are suggesting, but with continued inflows, indicated below, coupled with @ethereumJoseph, @AK_EtherMachine, Tom Lee, and others, accumulating ETH for ETH Treasury Companies, $10K appears to be fairly foreseeable in ETH’s future.
At press time, Ethereum trades at $4,775 following a 1.91% gain in the past day. However, the altcoin maintains a green performance on larger timeframes, reflecting gains of 7.28% and 23.98% on its weekly and monthly charts, respectively. With a market cap of $576 billion, ETH continues to rank as the second largest cryptocurrency and 22nd largest asset in the world.
