#ETHInstitutionalFlows 🚀🤑💚💬..✒️✒️👇🏻
"🚀🤑 On August 19, Ethereum exchange-traded funds witnessed"
🚨🔍significant financial inflows, exceeding $729.1 million in a single day, reflecting growing confidence in this digital asset.
💸*Financial inflows for Ethereum exchange-traded funds:*
😍- *Largest daily inflow*: Ethereum exchange-traded funds saw a significant financial inflow of $729.1 million in one day.
💚- *Weekly inflows*: In one week, Ethereum exchange-traded funds experienced financial inflows totaling $1.02 billion, followed by financial inflows of $196.6 million on another day.
- *Assets of Ethereum funds*: The assets of Ethereum exchange-traded funds are estimated to be around 5% of the total circulating Ethereum ¹.
*Factors influencing Ethereum inflows:*
- *Technological improvements*: The Pectra upgrade is one of the factors that may positively impact the price of Ethereum and increase demand for it.
- *Institutional investment*: Institutional interest in Ethereum is growing, boosting demand for this digital asset.
- *Development of DeFi projects*: The development of DeFi projects contributes to the increased demand for Ethereum and its use
