Ethereum shines with strike record and inflow into ETFS

Ethereum (ETH) Makes a strong comeback. Not only has the price risen to the highest level in two weeks, institutional interest in the largest Altcoin also grows and the number of stabbed coins reaches a new record. In the meantime, no less than 34.8 million ETH is fixed on the network, which amounts to almost 30% of the total circulating stock of 120.8 million coins. This is a bullish signal for the price development of the Altcoin.

Ethereum strike again popular due to pectra

That so much ETH is being staked is no coincidence. It shows that investors prefer to fix their crypto for a passive return than these sales on the market. In addition, the Pectra Upgrade has also contributed by realizing different optimisations for Ethereum strikers, the limit of Validator Nodes went up. This is advantageous for wealthy validators in particular that have many coins. That attitude points to trust in the future of ETH. The figure below shows how the number of staked ETH coins broke the record at the end of 2024.

The course translates optimism. Over the past 24 hours alone, the Altcoin climbed with 8.7% in value to a current level of $ 2,780, the highest level since February this year. What is particularly striking is that the Ethereum course rises a lot faster than the bitcoin (BTC) Course, which managed to rise by 1.7% over the past 24 hours.

Ethereum ETFS see $ 1.5 billion flowing into 7 weeks

In the meantime, Ethereum is gaining ground in relation to Bitcoin, both based on price development and the success of the Exchange Traded Funds (ETFS). Where Bitcoin seems to make a pass on the place, Ethereum attracts a lot of new capital. Last week no less than $ $ 295 million flowed into the nine different American Ethereum ETFS.

Since the past seven weeks, the inflow into Ethereum ETFS has been pretty in green, according to data van Coinglass. In total, around $ 1.5 billion was inserted during that period. That amounts to 10.5% of all managed Ethereum coins in circulation, an impressive percentage that shows that institutional interest is increasing firmly. In the past four weeks alone, almost 98,000 ETHs were added to these funds. Together with a large increase in the number of strikers, the circulating range is slowly swallowed up, that is good for the Ethereum course.