Ethereum ETF

Investments in Ethereum ETF continue for 7 consecutive weeks. Is this a bullish signal?

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For those who want to stay away from the technical complexities of crypto wallets and exchanges, ETFs become an easy and reliable way. This is the reason why traditional investors are now increasingly turning their attention to crypto ETF and Ethereum ETF.

There has been a significant amount of activity surrounding Ethereum over the last few weeks, with the primary driver being the continuous increase in investment in the US Ethereum Sport ETF.

Positive inflows have been seen in the Ethereum ETF for the seventh consecutive week. This in itself is a big sign that institutions are bullish about the ETF.

People’s interest in Ethereum ETF investment

Analytics firm Glassnode has recently reported that continuous inflows have been observed in the Ethereum ETF since the third week of April. There was a slight decline only for a week in May, but the trend has remained strong so far.

Glassnode also said in the report that as soon as the price of Ethereum reached the range of $2,200 to $2,500, investor interest also started increasing.

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Ethereum and Bitcoin both on track.

If you feel that Ethereum is the only crypto that is attracting investors through ETF, then it is not so.  According to another report by Glassnode, Bitcoin Sport ETF has also seen strong inflows. 

Although Bitcoin had a week of outflows in early June, positive impact has been recorded there in the last three weeks.

Ethereum price decline. 

Ethereum had earlier crossed the $2500 level but then declined slightly and is currently trading around $2400. But this decline may also be temporary, especially when the flow of investment in Ethereum ETF remains consistently strong. 

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