ETH Surges 4.38% as $528M ETF Inflows and Institutional Demand Drive Market Momentum

Ethereum (ETH) experienced a 4.38% price increase over the past 24 hours, rising from an open of $2,540.40 to $2,651.61, primarily driven by significant net inflows into Ethereum ETFs totaling $528.2 million and strong institutional interest, including the announcement of a new ETF with a 25% ETH allocation. This surge followed leveraged futures liquidations linked to geopolitical tensions between Israel and Iran, which contributed to increased market volatility and renewed risk-on sentiment. As of June 16, 2025, Ethereum's market capitalization stands at $307.1 billion, with a 24-hour trading volume between $18.7 billion and $27.1 billion, and a circulating supply of approximately 120.72 million ETH. Ethereum continues to show robust trading activity and outperformance relative to other major cryptocurrencies amid mixed but generally positive market momentum.