$ETH

Ethereum ETFs have indeed seen a record-breaking week, with over $907.99 million in inflows, marking their best weekly performance since launch. This surge is likely linked to Ethereum's 17% weekly gain, pushing the cryptocurrency towards the $3,000 psychological level.

*Key Highlights:*

- *Record Inflows:* Ethereum ETFs recorded their highest weekly inflows since launching on July 23, 2024, with $907.99 million entering the funds.

- *Daily Inflows:* The largest daily inflow occurred on July 10, with $383.10 million entering the funds, followed by $211.32 million on July 9 and $204.82 million on July 11.

- *Investor Demand:* The inflows were heavily concentrated over three consecutive days, indicating strong and sustained investor demand.

- *BlackRock's iShares:* BlackRock's iShares Ethereum Trust (ETHA) has been a significant player, with substantial inflows contributing to its assets under management ¹ ² ³.

*Market Impact:*

- *Ethereum's Price:* The surge in ETF inflows coincides with Ethereum's price reaching $2,937.60, with a 17% weekly increase.

- *Future Projections:* Growing institutional interest and market integration may continue to drive Ethereum's price upwards ³ ⁴.$ETH