Crypto
Ethereum Price Jumps on $143 Million ETF Inflow Amid Remittix Catalyst Approach
Ethereum's price has seen an uptick in institutional momentum following a significant influx of funds into U.S. spot ETH funds, reaching $143.8 million on September 18.
BlackRock's ETHA accounted for approximately $114.3 million of this total, helping to drive the price up through $2,630 before trading near $2,700.
The inflow suggests that professional demand is returning to the market, but it remains to be seen whether this trend will continue.