$ETH #EthAth is too high?

$1 billion in net inflows into Spot ETFs seem to tell us no.

This is an all-time record for Ethereum, which continues its upward climb and is now trading above the $4,300 area. The signal, at least in the short term, is clear: after months of waiting and price contraction, buying pressure shows no signs of stopping.

Attention has shifted. Although one day does not make a difference, Monday's session saw inflows into ETH over 5 times higher than those into Bitcoin, which amounted to about $170 million.

Leading the way – as expected – is ETHA, Blackrock's product. Another all-time record for this product, which accounts for 65% of total inflows. Next is FETH, Fidelity's product, with over $275 million in inflows, while, although with lower figures, all other spot products in the US market are also in the green.