Express
Wall Street Recognizes Ethereum, Daily Inflow Exceeds $1 Billion
Summary: According to reports from FXStreet, as the second largest cryptocurrency Ethereum surged to its highest level in nearly four years, US-based Ethereum-focused exchange-traded funds saw the largest daily inflow of funds, with spot Ethereum ETFs attracting slightly over $1 billion in inflows on Monday. So far this year, the total inflow of funds for these ...
According to reports from FXStreet, as the second largest cryptocurrency Ethereum surged to its highest level in nearly four years, US-based Ethereum-focused exchange-traded funds saw the largest daily inflow of funds, with spot Ethereum ETFs attracting slightly over $1 billion in inflows on Monday. So far this year, the total inflow of funds for these 9 funds has exceeded $8.2 billion. The head of research at the quantitative trading firm Presto stated that recent stablecoin legislation and the cryptocurrency plans outlined by the chairman of the US Securities and Exchange Commission indicate that the Ethereum blockchain is ready to gain recognition on Wall Street.
