$ETH
Ethereum ETFs End 6-Day Drought With $90M Inflows – Will Ether Price Respond?
Friday’s performance marks a return to positive inflows for Ethereum ETFs.
Prior to this performance, the cryptocurrency had recorded six consecutive days of outflows, draining a cumulative total of $225.6 million during the period.
Ethereum’s price, which initially appeared to be finding its footing, also slowed
during this period of Ethereum ETF inflows.
This trend highlights the significant influence of ETFs on the price action
of both the world’s largest cryptocurrency Bitcoin and Ethereum.
With the turnaround in the fortunes of U.S.-based Ethereum ETFs, Ethereum’s price has also been on an uptrend over the past couple of days.
Investors are hoping that the positive momentum of Ethereum ETFs will continue and translate into the altcoin’s price.
