#SoftStaking

Unprecedented demand for a famous cryptocurrency.. and the price is exploding amid record inflows.

The exchange-traded funds (ETFs) in the U.S., linked to Ethereum, 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 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 rise in the value of Ethereum.

The trading volume through these funds also surged to $2.6 billion, while open positions in Ethereum futures contracts on the CME Group platform reached an unprecedented level, reflecting the growing interest of financial institutions in this cryptocurrency, which is second in market capitalization after Bitcoin.