New historical record for Ethereum on Wall Street!
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It is the first time since its launch, that these ETF achieve such a positive streak.
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Capital income to ETF al few are beneficial for the price of the underlying asset.
For the first time since its debut on Wall Street, the funds quoted in the stock market (ETF) of Ether (eth), the native cryptocurrency of Ethereum, accumulate 19 consecutive days with capital entries, marked a new record.
Yesterday, June 12, these financial instruments captured 112 million dollars. With that injection of money, more than 1 billion in tickets in the last 19 days.
Since its launch to the market in July 2024, the ETFs of the native currency of Ethereum They accumulate more than 3,860 million dollars.
These money tickets show The “institutional fever” by Eth In the market. These are attractive financial products for corporate investors, because they prefer to operate with regulated instruments.
Another aspect to highlight is that the good performance of these ETF has a direct impact on the eth price. At the time of publication of this note, the price of the second most valuable cryptocurrency in the market is maintained above $ 2,500 and has had an increase since mid -April.
As Cryptonotics explained, every time the demand for these products increases, the firms that manage them must go to the market to buy more of the underlying asset, in this case ETH, to support their actions. By simple supply and demand law, Those purchases tend to exercise a bullish impulse About the price of ETH.
