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Ethereum hits new high, leaves crypto community perplexed
On Sunday, Ethereum (ETH) rose to an all-time high of $4,935.52, up over 35% in a month. This ongoing bullish momentum is drawing strength from institutional inflows, new milestones, and the broader renewed investor optimism. SoSoValue data supports the argument of institutional boom into the asset. Ethereum spot ETFs maintained their strong momentum with a daily net inflow of $337.6 million on August 22nd, and since launch, over $12.4 billion in total inflows. The aggregate net assets of all Ethereum spot ETFs now amount to $30.5 billion, or 5.2% of Ethereum's market cap, with BlackRock's ETHA & Fidelity's FETH ... (full story)
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