can ETH price hit $5k?
Spot Ethereum exchange-traded funds broke a crucial record as their inflows continued rising.
Ethereum (ETH) ETFs have had inflows in the last 16 consecutive days, breaking a personal record. The net inflow on Friday, Dec. 14 stood at over $23.6 million, bringing the total amount since inception to over $2.26 billion.
According to SoSoValue, all spot Ethereum ETFs hold over $13.7 billion in assets. The Grayscale Ethereum ETF is still the biggest with over $5.6 billion.
It is followed by iShares Ethereum Trust ETF, Fidelity Ethereum Fund, Bitwise Ethereum ETF, VanEck Ethereum ETF, and Franklin Ethereum ETF.
One reason for the inflows is the rising hope that the U.S. Securities and Exchange Commission will…
