Ethereum ETF inflows hit $71M – Could $2,900 be ETH’s next target?
The post Ethereum ETF inflows hit $71M – Could $2,900 be ETH’s next target? appeared on BitcoinEthereumNews.com. Ethereum saw $71 million in ETF inflows, led by BlackRock. ETH leads in bridged flows and stablecoin growth. Ethereum [ETH] is staging a quiet comeback. After months of capital outflows and narrative drift, ETH is once again drawing investor attention; this time with institutional weight behind it. ETH is regaining dominance with $71.3 million in recent ETF inflows, a spike in bridged net flows, and stablecoin supply growth. As capital rotates back into the network, signs suggest institutional accumulation, coinciding with shifting broader market dynamics. Blackrock leads the charge with ETF inflows Ethereum ETFs witnessed a strong resurgence on the 27th of May, drawing in $38.8 million in a single day – marking one of the highest daily inflows since launch. Source: X BlackRock alone accounted for $32.5 million, showing its position as a frontrunner in institutional ETH accumulation. The ETHA and FETH-led inflows reflect strong confidence from major asset managers as capital rotates back into Ethereum. This positive shift follows net positive flows in the third week of May, despite earlier volatility from outflows by Fidelity and Franklin. Data confirms ETH momentum shift Ethereum isn’t just gaining favor in ETF markets – it’s dominating on-chain activity as well. Source: Artemis Recent Artemis data reveals that Ethereum outperformed all networks in bridged net flows and stablecoin supply growth. Ethereum recorded the largest net inflow of assets across bridges alongside a sharp increase in stablecoin issuance, signaling renewed liquidity and capital confidence. This dual lead suggests rising usage and demand across DeFi protocols, reinforcing Ethereum’s position as crypto’s foundational Layer 1. ETH eyes a breakout as momentum builds Ethereum traded at around $2,708 at press time, approaching recent local highs with bullish momentum. The RSI climbed to 70.47, at the edge of overbought territory, showing strong buying pressure, but also…
The post Ethereum ETF inflows hit $71M – Could $2,900 be ETH’s next target? appeared on BitcoinEthereumNews.com.
Ethereum saw $71 million in ETF inflows, led by BlackRock. ETH leads in bridged flows and stablecoin growth. Ethereum [ETH] is staging a quiet comeback. After months of capital outflows and narrative drift, ETH is once again drawing investor attention; this time with institutional weight behind it. ETH is regaining dominance with $71.3 million in recent ETF inflows, a spike in bridged net flows, and stablecoin supply growth. As capital rotates back into the network, signs suggest institutional accumulation, coinciding with shifting broader market dynamics. Blackrock leads the charge with ETF inflows Ethereum ETFs witnessed a strong resurgence on the 27th of May, drawing in $38.8 million in a single day – marking one of the highest daily inflows since launch. Source: X BlackRock alone accounted for $32.5 million, showing its position as a frontrunner in institutional ETH accumulation. The ETHA and FETH-led inflows reflect strong confidence from major asset managers as capital rotates back into Ethereum. This positive shift follows net positive flows in the third week of May, despite earlier volatility from outflows by Fidelity and Franklin. Data confirms ETH momentum shift Ethereum isn’t just gaining favor in ETF markets – it’s dominating on-chain activity as well. Source: Artemis Recent Artemis data reveals that Ethereum outperformed all networks in bridged net flows and stablecoin supply growth. Ethereum recorded the largest net inflow of assets across bridges alongside a sharp increase in stablecoin issuance, signaling renewed liquidity and capital confidence. This dual lead suggests rising usage and demand across DeFi protocols, reinforcing Ethereum’s position as crypto’s foundational Layer 1. ETH eyes a breakout as momentum builds Ethereum traded at around $2,708 at press time, approaching recent local highs with bullish momentum. The RSI climbed to 70.47, at the edge of overbought territory, showing strong buying pressure, but also…
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