The total size of Ethereum ETFs has surpassed $30 billion, setting a new historical high.
The scale of ETH ETFs has exploded, with a net inflow of $2.3 billion in one week, linked to Fundstrat's recommendation of ETH among the 'Seven Giants'. Institutional love for ETH is growing stronger, with prices nearing $5,000.
However, aside from XRP and SOL, there has been no significant outflow from altcoins, indicating a strong capital attraction effect from ETH. If Grayscale's ADA trust converts to an ETF, Cardano could also take a share. It is recommended to increase allocation to ETH-related assets; we may see $10,000 before the end of Q3.