In addition, ETH ethf have a 5 -day streak with positive capital flows.
These financial instruments directly impact the price of ETH cryptocurrency.
Ether (ETF) quoted funds (ETH), Ethereum’s native cryptocurrency marked another financial milestone.
For the first time, These instruments captured 1,000 million dollars in a single day.
This strong entrance flow allowed ETHHher’s ETFs to exceed the threshold of 10,000 million dollars since its launch in July 2024.
These financial instruments directly impact the price of the native currency of Ethereum. This is because, in order to support the actions of ETFs, managing companies must acquire the underlying asset.
To put it in simpler terms, if there is demand for ETFs, managers must go to the market and buy. Otherwise, if they are not successful, they must sell that surplus.
By simple supply and demand law, the price of Ether rises when demand for ETFs increases and decreases when it decreases.
In addition to financial products, it should be noted that ETH has become the new love of Wall Street. As Cryptonoticia has reported, More and more companies are analyzing the possibility of incorporating ETH to its corporate treasury as an asset of reserve and generate an extra income through staking.
A fact that reflects this trend is that, currently, more than 3 million ETH are in the hands of institutions.
