Ethereum Price Prediction: ETF Inflows to Continue in September?
Ethereum ETH had a strong August in terms of value growth, with the cryptocurrency up 17.5% in the past month. The growth is headlined by solid Ethereum ETF inflows. The ETFs are on track to register over $4 billion in net inflows for August with just one trading day to go. The Ethereum ETFs’ recent outperformance began in earnest on July 17, coinciding with a surge in the price of ETH, which swiftly saw the second-largest cryptocurrency move from a year-to-date loss against BTC to a gain of 13.8% as of Friday. The Ethereum cryptocurrency is quickly becoming one of Wall Street’s new favorite assets, with institutional interest skyrocketing this summer. The token has become the center of mainstream crypto transactions, inviting a huge influx and institutional demand at the moment. VanEck founder Jan van Eck has been positioning the Ethereum token as the industry standard during his recent Fox Business appearance as well. The VanEck executive outlined why Ethereum institutiona...