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Unprecedented demand for a famous cryptocurrency... and the price explodes amid record inflows
Author
Abdullah Mushlab
Published 18/07/2025, 10:39
Unprecedented demand for a famous cryptocurrency... and the price explodes amid record inflows
© Reuters.
DX
-0.26%
CME
-1.12%
Bitcoin US Dollar
-2.14%
BTC/USD
-2.18%
Ethereum US Dollar
2.46%
ETH/USD
2.48%
Solana US Dollar
9.53%
Investing.com - The U.S. exchange-traded funds linked to Ethereum have seen a wave of record inflows, achieving historic trading levels, amid the advancement of critical legislative projects in the cryptocurrency sector supported by former 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 rising value of Ethereum.
Trading volume through these funds also jumped to $2.6 billion, while open positions in Ethereum futures contracts on the CME Group reached an unprecedented level, reflecting the growing interest of financial institutions in this cryptocurrency, which is second in market capitalization after Bitcoin.
