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U.S. exchange-traded funds linked to Ethereum have witnessed a wave of record inflows, achieving historic trading levels, amid the advancement of crucial legislative projects in the cryptocurrency sector that have the support of U.S. President Donald Trump.
Despite the modest start of these funds this year, investors pumped a total of $727 million into nine exchange-traded funds on Wednesday, coinciding with the rise in Ethereum's value.
The trading volume across these funds also surged to $2.6 billion, while open positions in Ethereum futures on the CME Group (NASDAQ:CME Group) reached an unprecedented level, reflecting the growing interest of financial institutions in this cryptocurrency, which is second in market capitalization after Bitcoin.
$ETH $BTC $XRP
U.S. exchange-traded funds linked to Ethereum have witnessed a wave of record inflows, achieving historic trading levels, amid the advancement of crucial legislative projects in the cryptocurrency sector that have the support of U.S. President Donald Trump.
Despite the modest start of these funds this year, investors pumped a total of $727 million into nine exchange-traded funds on Wednesday, coinciding with the rise in Ethereum's value.
The trading volume across these funds also surged to $2.6 billion, while open positions in Ethereum futures on the CME Group (NASDAQ:CME Group) reached an unprecedented level, reflecting the growing interest of financial institutions in this cryptocurrency, which is second in market capitalization after Bitcoin.
$ETH $BTC $XRP
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TALE
Alpha
0.0097726
+6.08%