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Ethereum (ETH) Price Jumps 41% in 8 Days, Reaching $3,332, Driven by Institutional Investments, Especially U.S. Spot Ether ETFs

Linda Hamilton
Linda HamiltonOriginal
2024-11-12 18:14:24540browse

Ethereum ETF Boosts ETH Price: U.S. spot Ether ETFs, particularly BlackRock's ETHA, attract over $500M in inflows.

Ethereum (ETH) Price Jumps 41% in 8 Days, Reaching ,332, Driven by Institutional Investments, Especially U.S. Spot Ether ETFs

Ethereum (ETH) price has surged 41% in 8 days, reaching $3,332.

This price surge is largely driven by institutional investments, particularly in U.S. spot Ether ETFs, which have seen over $500M in inflows.

As crypto cash flow continues to favor large-cap altcoins, Ethereum's strong fundamentals, including high daily active addresses and a growing Web3 ecosystem, have attracted investors.

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