Ethereum

<p>The recent surge in Ethereum (<a href="https://coinedition.com/ethereum-block-construction-buterins-latest-update/">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 $160 million ETH supply created in 2024.</p> 
<p>Michael stated that the demand is exceeding the supply and that he thinks Ethereum is significantly undervalued. Furthermore, he added that Ethereum might be ready for a big run if the inflow sustains.</p> 
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   <p lang="en" dir="ltr">The <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> supply was created in 2024: $160 million.<br><br>The net inflow in <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> ETF in the past 2 days: $150 million.<br><br>The demand is exceeding the supply.<br><br>I think Ethereum is super undervalued and ready for a big run if this inflow sustains. <a href="https://t.co/KIpv7f1vNO" target="_blank" rel="nofollow">pic.twitter.com/KIpv7f1vNO</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1821109920311149016?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 7, 2024</a>
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<p>Currently, Ethereum’s price currently stands at <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="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.</p> 
<p>Ethereum’s price has seen a downturn since early May. A few minor recoveries have occurred, but the o…</p>
<p>The post <a href="https://coinedition.com/ethereum-etfs-attract-150m-nearing-2024-eth-supply-creation/">Ethereum ETFs Attract $150M, Nearing 2024 ETH Supply Creation</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

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

Coin Edition

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