You probably didn't notice this – you were busy thinking about the border, inflation, or what gender your child is today. But while you turned away from the CNBC screen, something interesting was happening on another front – the digital money front. Ethereum. It’s back. It’s growing again. And like any self-respecting asset in America, it's now dressed in an ETF suit.
Spot Ethereum ETFs in the USA? Here they come. They are no longer just 'for trial'. They are devouring dollars like a gluttonous congressman at a banquet buffet.
$837 million in inflows over 15 days. This is not a mistake. This is an inflow with a capital I. This is the very capital that veterans, the homeless, or farmers growing real food will not see. No, this money now belongs to Wall Street and Ethereum.
What is the government doing?
Well, of course, nothing. The SEC pretends that it is still 'looking into it', then arranges comedy shows trying to slow down crypto. But while they blink, spot ETH ETFs have already outpaced Bitcoin in inflows. Why? Because no one wants to hold Bitcoin when they can hold internet bonds with a 5% yield in the form of Ethereum staking. And yes, they will soon be in ETFs. Thanks to REX Shares – not for the name, but for the ingenuity.
But what about Bitcoin?
Bitcoin? It's like Joe Biden — once cool, now slightly confused with numbers. Last week, Bitcoin ETFs reported a minus of $346 million. Minus. That means people ran away. Like from California. And who can blame them? Bitcoin has no yield, no network of the future, and not even a sensible founder. At least Ethereum has Vitalik – a guy who looks like Elon Musk if he were raised by mathematics.
Is Ethereum heading to $6000?
Maybe. Cointelegraph claims that Ethereum is repeating the patterns of the 'gold fractal'. And if you don’t know what that is — don’t worry. It’s like a 'golden parachute', just for crypto. And you know what? It will work. Because in a country where Netflix is more expensive than education, and TikTok is more important than the news, people believe in magical charts.
And what's next?
Next up — ETFs with staking. That means you will now not only get access to Ethereum through traditional markets, but you will also be paid for holding it. Sounds like socialism, just with profit. It’s like getting paid for just sitting and 'holding'. Or like members of Congress. Almost the same.
The bottom line
Ethereum is doing what no one expected: becoming boring and profitable at the same time. It’s like if a hipster opened a bank deposit. And you know what? America likes it. Because in a world where everything is collapsing — at least digital Ethereum brings in real dollars.
