Ethereum ETFs Net $2.191 Billion as BlackRock and Fidelity Dominate Inflows
In June 2021, Ethereum was at $ 2,400 and, through a long, arduous lateral price action, has once again bounced above that price range thanks to the support of Ethereum ETFs. Now trading above $2,565 and its 100-hour SMA, ETH looks poised for a stronger breakout. Immediate resistance sits at $2,600 and $2,620, while bulls.. The post Ethereum ETFs Net $2.191 Billion as BlackRock and Fidelity Dominate Inflows appeared first on 99Bitcoins.
In June 2021, Ethereum was at $ 2,400 and, through a long, arduous lateral price action, has once again bounced above that price range thanks to the support of Ethereum ETFs.
Now trading above $2,565 and its 100-hour SMA, ETH looks poised for a stronger breakout. Immediate resistance sits at $2,600 and $2,620, while bulls are clinging to $2,550 as the line they can’t afford to lose. A sustained move could send ETH toward the $2,636 swing high.
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Are Ethereum Holders Going to Be Left Behind?
Ethereum sisters, is it finally our time to shine? Institutional money has been flooding into Ethereum ETFs with $1.17 billion in June, over $1.5 billion so far this year, and projections point to $10 billion by the end of 2025.
Bitwise CIO Matt Hougan says it’s simple: “Ethereum increasingly becomes the settlement layer for regulated finance.”
As these ETFs pull TradFi deeper into the blockchain, ETH is fast becoming the go-to for tokenized stocks, bonds, and beyond.
Additionally, Ethereum’s scalability playbook is working for now. Arbitrum, Optimism, and zkSync are racking up usage as Layer 2s soak up DeFi traffic and gaming demand. Meanwhile, EIP-7983—an upcoming cap on per-transaction gas—promises smoother sailing ahead. It’s a defensive move, but a smart one, as rivals like Solana eye the throne.
The future of Ethereum is for everyone
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