Altcoins News
By Evie Vavasseur
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ETH Price Surges Past $3,800. On July 1, ETH was priced at $2,468. By the end of the month, it had climbed to $3,862, according…
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Ether ETF Inflows Hit Record Levels. A significant driver of this rally has been the consistent flow of capital into spot Ether ETFs.
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Mixed Sentiment Over Ethereum Network Activity. While ETH’s price action is undeniably strong, not everyone is convinced about the health of the…
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Ethereum Still Attractive to Institutions. Despite concerns over network revenue, the broader outlook for Ethereum remains positive.
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Ether (ETH) has just ended July with its strongest monthly performance since 2022, rising 56% on the back of consistent ETF inflows and rising institutional interest.
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Ethereum, the second-largest cryptocurrency by market cap, recorded a dramatic 56% price surge in July—its biggest monthly gain in three years.
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This rally has caught the attention of analysts, with Bloomberg’s Senior ETF Analyst Eric Balchunas noting the similarities between ETH and tech stocks from the…
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In a post on X (formerly Twitter), Balchunas wrote, “Ether is starting to look like a ‘90s tech stock as ETFs catch fire,” referring to the rapid rise of tech stocks in the early…
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The highest single-day inflow occurred on July 16, with $727 million pouring into ETH-focused ETFs.
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BlackRock’s iShares Ethereum ETF has also made headlines, becoming the third-fastest ETF to reach $10 billion in assets under management.
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Interestingly, for six consecutive days in July, Ether ETFs attracted more net inflows than Bitcoin ETFs—a rare occurrence given Bitcoin’s usual dominance in the institutional…
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Thielen told Cointelegraph that “actual revenue being generated on the Ethereum network is very low,” with revenues rising just 3% and activity increasing by only 5% over the…
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He pointed to the stark difference between today and Ethereum’s peak in November 2021. At that time, Ethereum generated $1.
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Now, despite Ethereum’s market cap reaching $466 billion, its annualized revenue stands at just $764 million, according to Token Terminal.
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Despite concerns over network revenue, the broader outlook for Ethereum remains positive. Institutional buying, particularly through ETFs, has become a major force in ETH’s…
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