Institutions and ETFs are driving prices up

ETH has risen significantly, increasing by more than 44.5% in the last month. Over the past week, the asset gained 7.9% in price, and in the last 24 hours — 2.6%. Since April 21, ETH has risen approximately 90% relative to Bitcoin.

This growth is explained by two factors: an increase in institutional purchases and significant inflows into spot ETFs on Ethereum.

Companies are actively acquiring ETH worth billions of dollars. Leading the way is BitMine with over 833,000 ETH ($3.3 billion), followed by SharpLink with nearly 522,000 ETH ($2.1 billion). Jeffrey Kendrick from Standard Chartered believes that these companies are "just getting started" and could ultimately own up to 10% of all ETH.

American spot ETFs on Ethereum have shown significant net inflows — in recent weeks they have even outperformed similar funds based on Bitcoin. These products attracted nearly $5 billion in the last month, contributing significantly to the total net inflow of $9.4 billion since trading began in July 2024.$ERA $BTC $ETH