Track the evolution of major financial and economic events
In August 2024, Ethereum's price surged past the $2,000 threshold, targeting a potential move toward $3,300. This rally was driven by record inflows into spot Ethereum ETFs, which reached nearly $1 billion monthly. Recent figures show that inflows hit $700 million, significantly boosting the cryptocurrency's market momentum based on the latest institutional activity.
On Wednesday, August 20, spot Bitcoin ETFs recorded $517.19 million in inflows, marking the highest daily surge since May. This significant influx represents a major peak in investor activity for these exchange-traded funds. The data highlights a substantial increase in capital commitment to Bitcoin through regulated spot ETF products.
