Conversation on Ethereum Now Shifts from “If” to “When” It Hits $4,000
- A record-breaking $726M inflow into spot Ether ETFs has analysts now targeting a price of $4,000
- The massive institutional buy was led by BlackRock’s ETHA, which saw a nearly $500M inflow in one day
- The powerful technical and fundamental setup suggests a run to $4,000 is the next logical market move
The U.S. spot Ethereum ETFs just had their largest single-day inflow ever, pulling in a massive $726 million in new capital on Wednesday, July 16. This “shock and awe” wave of institutional demand was the direct catalyst for the price of Ethereum surging past the $3,400 level.
The inflows came primarily from major asset managers, including BlackRock, Fidelity, and Grayscale. The move suggests heightened institutional demand for ETH exposure through regulated investment vehicles amid soaring prices.
Record-Breaking Inflows Driven by Big Players
Data from the July 16 ETF flow table shows increased activity across nearly all listed Ethereum funds. The most significant contributions came from BlackRock’s ETHA ETF, which recorded $499.2 million in a single day.
Fidelity followed with $113.3 million into its FETH fund. Grayscale’s spot ETH ETF added $54.2 …
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Ethereum Faces Breakout Moment as Top Analyst Eyes $10K Bull Market Target
Conversation on Ethereum Now Shifts from “If” to “When” It Hits $4,000
- A record-breaking $726M inflow into spot Ether ETFs has analysts now targeting a price of $4,000
- The massive institutional buy was led by BlackRock’s ETHA, which saw a nearly $500M inflow in one day
- The powerful technical and fundamental setup suggests a run to $4,000 is the next logical market move
The U.S. spot Ethereum ETFs just had their largest single-day inflow ever, pulling in a massive $726 million in new capital on Wednesday, July 16. This “shock and awe” wave of institutional demand was the direct catalyst for the price of Ethereum surging past the $3,400 level.
The inflows came primarily from major asset managers, including BlackRock, Fidelity, and Grayscale. The move suggests heightened institutional demand for ETH exposure through regulated investment vehicles amid soaring prices.
Record-Breaking Inflows Driven by Big Players
Data from the July 16 ETF flow table shows increased activity across nearly all listed Ethereum funds. The most significant contributions came from BlackRock’s ETHA ETF, which recorded $499.2 million in a single day.
Fidelity followed with $113.3 million into its FETH fund. Grayscale’s spot ETH ETF added $54.2 …
The post Conversation on Ethereum Now Shifts from “If” to “When” It Hits $4,000 appeared first on Coin Edition.
Read More