Ethereum

<ul class="wp-block-list news-points">
 <li>Ethereum ETF inflows hit $150 million, nearing 2024’s new ETH supply. </li>
 <li>Demand for Ethereum surges despite market volatility. </li>
 <li>High inflows suggest Ethereum may be undervalued, signaling potential price rebound.</li>
</ul> 
The recent surge in Ethereum (<a href="https://coinedition.com/ethereum-block-construction-buterins-latest-update/" rel="noopener noreferrer nofollow">ETH</a>) inflows suggests growing investor interest, despite lingering market volatility. Michael van de Poppe highlighted this trend on X (formerly Twitter), noting that $150 million flowed into Ethereum ETFs in just two days. This inflow nearly matches the $160 million ETH supply created in 2024.
Michael stated that the demand is exceeding the supply and that he thinks Ethereum is significantly undervalued. Furthermore, he added that Ethereum might be ready for a big run if the inflow sustains.
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 https://twitter.com/CryptoMichNL/status/1821109920311149016
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Currently, Ethereum’s price currently stands at <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noopener noreferrer nofollow">$2,476.21</a>. It has a 24-hour trading volume of $23.57 billion and a market cap of $297.79 billion. Its price rose by 0.53% in the last 24 hours, with 120.26 million ETH coins circulating.
Ethereum’s price has seen a downturn since early May. A few minor recoveries have occurred, but the overall trend remains …
The post <a href="https://coinedition.com/ethereum-etfs-attract-150m-nearing-2024-eth-supply-creation/" rel="noopener noreferrer nofollow">Ethereum ETFs Attract $150M, Nearing 2024 ETH Supply Creation</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Ethereum ETFs Attract $150M, Nearing 2024 ETH Supply Creation

Coin Edition

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