The post Ethereum Gains Momentum After $40M Inflow appeared first on Coinpedia Fintech News
Ethereum witnessed a notable influx of $40 million into existing exchange-traded products last week which marked its largest inflow since March. Its price is seen surging as it gains momentum after the spot ETH ETF approval. Analysts are debating on whether the bullish momentum will be maintained or is just a brief reaction to the regulatory news. Notably, the SEC’s approval process is still not complete which means that the actual trading of these ETFs might still be away, which could impact its price stability in the short term.