Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ETHEREUM NEWS»Ethereum Continues to Rise, Overtaking Solana in 2024; Inflows Amid Hype for Upcoming ETF Launches
ETHEREUM NEWS

Ethereum Continues to Rise, Overtaking Solana in 2024; Inflows Amid Hype for Upcoming ETF Launches

By Crypto FlexsJuly 24, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum Continues to Rise, Overtaking Solana in 2024; Inflows Amid Hype for Upcoming ETF Launches
Share
Facebook Twitter LinkedIn Pinterest Email

According to a recent report from CoinShares, Ethereum (ETH) saw increased inflows last week, surpassing Solana (SOL) inflows in 2024, coinciding with its imminent launch. Exchange Listed Fund (ETF) allows regulated investment in the second-largest cryptocurrency by market cap in the United States.

ETH dominates inflows

that much report Ethereum has seen strong momentum over the past month, with inflows reaching $45 million last week, pushing it to over $103 million this year, surpassing Solana’s year-to-date (YTD) inflows.

However, Solana saw inflows of $9.6 million during the same period, lagging behind Ethereum with a YTD total of $71 million. inflowAmong other altcoins, Litecoin was the only one to see inflows exceeding $1 million, with $2.2 million recorded last week.

References

The report also said that general digital asset investment products have seen continued buying, with inflows reaching $1.35 billion last week, bringing the total to $3.2 billion for the third week in a row, contributing to the recovery in cryptocurrency prices in recent weeks.

Trading volumes in exchange-traded funds (ETFs) also surged by a whopping 45% to $12.9 billion per week, although this volume represented only 22% of total trading volume. Cryptocurrency Market A volume that represents a relatively low ratio.

On the other hand, Bitcoin (BTC) saw inflows of $1.27 million last week, while short Bitcoin ETPs saw outflows of $1.9 million. It is noteworthy that these outflows amount to $44 million since March, which is 56% of assets under management (AuM).

Ethereum, ETF Breakthrough Ready

The Securities and Exchange Commission (SEC) is expected to give full approval to a spot Ethereum ETF today, paving the way for a second cryptocurrency investment vehicle that could attract billions of dollars in retail and institutional cash in the United States. Bloomberg ETF expert James Seifert, famous:

What are you expecting from the Ethereum ETF today? I expect it to start trading tomorrow. That means there will be a lot of filings on the SEC site today saying that the ETF prospectus has become “effective.” Probably after the market closes or something like that.

Ahead of the market regulatory victory following the January approval of a Bitcoin ETF, industry experts say Guess If the SEC approves an Ethereum ETF, it will have significant implications for the Ethereum blockchain and decentralized finance (DeFi) protocols.

Mark Connors, global head of macro strategy at Onramp, a Dallas-based financial services firm, said: Mentioned Reference to Ethereum as an “intermediary protocol” that highlights the important test that an ETF launch would pose to the DeFi ecosystem.

According to Connors, the success and participation of Tuesday’s ETF launch points to increased inflows and adoption, along with Ethereum’s ability to maintain its market position and continue to attract interest, which could have a significant impact on the price.

1-D chart shows the price decline of ETH recorded over the last 24 hours. Source: ETHUSD on TradingView.com

Despite only a few hours remaining until ETF trading begins, Ethereum It is trading at $3,450, down 1.5% over the past 24 hours, and there is a wall of $3,435 below the current price, meaning it has not fallen any further since Friday.

Featured image for DALL-E, charts from TradingView.com

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Scam Markets thrives again after attempting to clean up Telegram.

June 24, 2025

Bitcoin is more than $ 104K as the merchant’s eyes move from H2 to $ 145,000.

June 20, 2025

Can Etherrium price return to $ 4,000? Analysts say that ETH should go beyond this support.

June 16, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

NEAR turns bearish, volume down 30% – is a decline still possible?

June 27, 2024

Bitcoin falls below $68,000 as Bitbot develops staking feature.

June 11, 2024

Binance Square Launches New Activities to Unlock Up to 100 USDT in Rewards

May 23, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.