Well, well, well! Look who decided to break out of its slumber! Ethereum has finally decided to join the party, soaring above $2,800 for the first time since February. It’s like that friend who shows up fashionably late but still manages to steal the spotlight. 🎉 For all you traders out there wondering if it’s time to dive into Ethereum, spoiler alert: it might just be a yes! 🙌
Now, let’s talk numbers. Bitcoin is just 1% away from its all-time high, while Ethereum has a whopping 45% to go. That’s like being at a buffet and realizing you can still pile on more food while your friend is already on dessert. 🍰 If Bitcoin holds strong, ETH could be in for some spectacular gains. And when ETH finally decides to run, you better believe the long-awaited altseason is just around the corner. Patience, my friends, patience! Phase one is all about Ethereum gaining on Bitcoin.
BlackRock Leads the Charge
According to BNC data, BlackRock’s iShares Ethereum Trust ETF (ETHA) is leading the charge with a jaw-dropping $80.6 million in inflows. The entire U.S.-based spot ETH ETF class has raked in $745 million over the last 11 trading days. Not a melt-up yet, but it’s like watching a pot of water slowly come to a boil. Institutional confidence is quietly creeping back in. 🔥
Now, let’s rewind to February 2nd—the last time things got this frothy. Remember when $276 million poured into ETHA in a single day? Ah, the good old days when Ethereum was flirting with $2,900. We’re not quite there yet, but ETH trading around $2,814 (up 1.25% in 24 hours, according to BNC) shows some real momentum. For a digital asset that’s been lagging behind Bitcoin, this is a notable reversal of fortune. Talk about a glow-up! 💅
ETH is up 1.25% overnight, source: BNC Ethereum Liquid Index
What’s Behind the Surge?
So, what’s the secret sauce behind this surge? Well, it seems the regulatory tea leaves are finally brewing something nice. On Monday, SEC Commissioner Paul Atkins made some unusually bullish comments during a DeFi roundtable, hinting at “innovation relief” for decentralized finance projects. Classic bureaucratic mumbo jumbo, but read between the lines: the SEC might be softening its stance on DeFi and Ethereum-adjacent protocols. In crypto, perception is everything, and that’s enough to get the markets buzzing. 🐝
Ethereum isn’t giving up on its core. It’s doubling down. Plus, Ethereum’s recent Pectra upgrade was a big success, and a bigger deal than the merge. Who knew upgrades could be so exciting? 🎢
That context helps explain why this ETF inflow spike actually matters. As Valentin Fournier at BRN put it, “The uptick is notable due to Ethereum’s smaller institutional base. This signals renewed confidence in the crypto rally, especially among large players.”
Since their debut last July, U.S.-listed Ethereum ETFs have pulled in about $3.5 billion in net inflows. That’s still dwarfed by Bitcoin’s numbers, but it’s no longer a sideshow. As Ethereum builds momentum—on-chain and off—the smart money seems to be rotating back in. 💸
Investors, take note! Ethereum is heating up. Institutional appetite is returning. And with both regulatory tone and technical roadmap turning favorable, the next leg up may already be underway. Buckle up, folks! 🚀
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2025-06-12 02:21