Ethereum ETF Inflows Outperform Bitcoin for the Third Day Straight
Ethereum ETFs experienced significant institutional inflows, pulling in $704 million on Wednesday, contrasting Bitcoin's $86.7 million during the same period. Over three days, Ethereum ETF inflows totaled $2.2 billion, far exceeding Bitcoin's $331 million. The surge is attributed to increased institutional interest in Ethereum, spurred by regulatory developments. Standard Chartered has raised its Ethereum price target to $7,500 by 2025, forecasting a strong demand against a backdrop of limited supply. The price of Ethereum has risen over 60% in the past month, nearing its November 2021 all-time high of approximately $4,900. Concurrently, bearish positions faced losses due to rising prices, with liquidations hitting $127.41 million. This uptick in demand is coupled with a broader shift in corporate and sovereign interest in Ethereum, pointing to a deep-rooted integration of digital assets within global capital markets.
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