If today’s day closes green for ETFs, a new milestone will have been unlocked.
The ETH price is being favored by this investment trend.
Ether (ETF) quoted funds (ETH), Ethereum cryptocurrency, captured 240 million dollars yesterday, June 11, and thus accumulate 18 consecutive days with positive capital flows.
Since its departure to the market in July 2024, ETF of ETHER accumulate tickets for 3,740 million dollars. If today they close in green, They will first mark a 19 consecutive record record with capital revenues.
It should be noted that the trading day begins at 9:30 and closes at 4:00 p.m., Eastern United States (ET). However, the final results of the ETFs, such as the official closing price and the negotiated volume, may take a few hours to process due to the liquidation of data and updates. Therefore, the final figure could be in the early hours of tomorrow.
Capital entry to these funds is promoting the price of the currency: during the last month, the native currency of Ethereum rose 10.5%.
At the time of publication of this note, The price of ETH is maintained above $ 2,70043% below its historical maximum of $ 4,890 reached in November 2021.
As Cryptonoticia explained, the good performance of these instruments has a direct impact on the price of the underlying asset. Due to their operation, fund managers must buy and maintain ETH to support their actions.
That is, when there is demand for these products, firms must go to the market to buy more ETH. By simple supply and demand law, that raises its contribution.
