US spot Ether ETFs have recorded their third trading week in a row of positive flows. The current streak of inflows could surpass $1 billion if it continues next week.
The 6th of June, spot Ether will be (ETHThe ETFs have seen a $25.3 million increase in trading volume, making it 15 days in a row that they’ve experienced an inflow. according Farside Data.
The Ether ETF’s inflow streak has brought in significant net amount
Since May 16, the current streak of inflows has brought in $837.50 million. This is roughly 25 percent of the $3.32 billion total net inflows that have occurred since July 2024, when spot Ether ETFs were launched.
If this pattern persists into the following week, another $162.5 millions in inflows could push the streak total to $1 Billion.
In contrast, spot Bitcoin (BTCThe ETFs inflow streak ended on the 29th of May with a $346.8 Million outflow. Since then, the flows are volatile with both inflows and outflows.
The spot price for Ether has risen by 31.23% in the last 30 days and is currently trading at $2.490. according CoinMarketCap provides data on the market.
Cointelegraph has reported that the multi-year gold price fractal makes a compelling case for Ether’s rally to reach $6,000 in the coming months.
Expert analyst Crypto Eagles said on June 3 that Ether appears to be repeating in the current 2024–2025 cycle, potentially setting the stage for a new all-time high.
Ether has reached its highest level of $4.878 since November 2021. according to CoinGecko data.
Related: Ether poised for ‘significant breakout’ as ETH price strengthens vs BTC
Commentators from the industry think that adding stakes to ETFs for Spot Ether is essential in order to achieve a better performance on a long-term basis.
Cointelegraph, on May 31, reported that the first Ethereum and Solana staking ETFs Following a recent filing made by ETF provider REXShares, the ETF could be available in America within weeks.
ETF Analyst James Seyffart stated that while the exact launch date of the ETF is yet to be determined, it will use “regulatory workarounds to get these products to market.”
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Source: cointelegraph.com
