U.S. exchange-traded products are on another winning streak. This is strengthening the market’s confidence about Ethereum ETF flows and its price trajectory.
The following is a summary of the information that you will find on this page.
- U.S. Ethereum ETF Inflows Recorded $639.6 M inflows August 14th, marking their eighth consecutive days of inflows.
- Inflows totaling $3.7 billion over the past 8 days indicate a high level of institutional demand.
- Polymarket’s bettors place the likelihood of ETH reaching $5,000 at 55%.
Ethereum ETF Inflows were recorded on the 14th of August, pulling in a total $639.6 millions according to data SoSoValue. BlackRock was the biggest contributor with $520 million. Grayscale, Fidelity and Fidelity followed with $61 million each.
Invesco Galaxy reported the fourth inflow of $2.3 million. The remaining five issuers had no activity. Ethereum (ETHETFs are now in green for 8 consecutive days. Total inflows to date have reached about $3.7 billion.
This positive run follows a 20-day streak of similar inflows. It reflects the strong performance that these funds have shown in recent months. This is a marked improvement from the early days when their Bitcoin performance was far below theirs.BTC) counterparts.
Ether is the new catalyst for renewed energy pushes After months of subdued action, the market was surprised by double-digit gains. The asset is down 1.5% over the last 24 hours, trading at $4642 as of press time. However, the price has still risen by nearly 20% in a week, and 56% since its low point.
As ETFs show solid demand from institutions, the optimism about new price targets grows.
Ethereum ETFs can lead to a $5,000 Ethereum support
The odds of Ethereum reaching $5,000 by the end August are high on Polymarket. stand At 55%. Although the odds have dropped 9% in the last day due to a recent drop in the price, they are still consistent with industry expectations.
Bets on a new record high, above the peak of $4,800 in November 2021, are more bullish. are at 90 % of respondents are positive about the future prospects for this asset. Ethereum is now the focus of global institutions, which has led to a shift in the market’s attention.
Several corporations are investing in ETH alongside ETFs. committing billions The different strategies for treasury and accumulation.
Analysts see greater potential in the long term. Standard Chartered has recently doubled The company has increased its Ethereum end-of-year forecast from $4,000 to $7,500. Tom Lee is the Chairman of the Largest Corporate ETH Holder. argued The $7,500 target for the year’s end may be too low.
Multi-year projections now stand at $12,000 by late 2026, $18,000 in 2027, and $25,000 by 2028–29. Ethereum must maintain its upward trajectory to move from the new high over $4,800, up to $5, 000 and finally $25,000
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Source: crypto.news
