Ethereum surges 17% in a month on institutional inflows… ETF inflows surpass $1.2 billion

The cryptocurrency market has remained sluggish in the summer, but Ethereum (ETH) has continued to rise as it attracts attention from institutional investors.

According to CoinGecko data, Ethereum has risen more than 17% over the past 30 days. Over the same period, Bitcoin fell 5.5%, presenting a contrast. On the 25th (local time), Ethereum set a new record high intraday at $4,945. Ethereum is currently trading in the $4,480 range on the Binance Tether (USTD) market.

Shi Han, director of HashKey Capital's Liquid Fund, said, "Ethereum is an asset with a dynamic growth story," explaining, "Since the Merge, its deflationary tokenomics, scalability from Layer 2 adoption, and the yield-generation model through staking have become strengths."

Staked amounts have also steadily increased. According to Beaconchain data, staked Ethereum reached 35,750 ETH (about $169 million) as of the 2nd, marking an all-time high. Institutional inflows have also driven Ethereum's rally. According to SosoValue's data, as of the 28th, cumulative net inflows into Ethereum spot ETFs have exceeded $1.2 billion.