Key facts: Ethereum Sees $308M Net Inflows; Trading Down 7.36%
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- Ethereum products saw net inflows of $308 million globally last week, driven primarily by U.S.-based spot Ethereum ETFs, which contributed $312.6 million, despite outflows in other regions.1
- Joseph Chalom, CEO of Sharplink, highlighted that institutional investors are seeing Ethereum's value as a programmable network for digital finance, hinting at a possible Ethereum supercycle.2
- Ethereum has experienced a decline of over 7.36%, currently trading around $2,816, as corporate interest in ETH treasury purchases diminishes, resulting in reduced demand for ETH-backed products.3