Ethereum Price Soars on Institutional Inflows and SEC’s ETF Approval Momentum
Posted On May 15, 2025
Ethereum (CRYPTO: ETH) is trading 4.50% higher at $2,610.05, capping off its seven-day rally at 42.19% and extending its monthly gain to over 55%. The rally is fueled by $560 million in institutional inflows, technical upgrades like Pectra, and speculation around SEC’s spot ETF approval, reigniting bullish sentiment across the crypto market.
At the center of the rally is a surge in whale accumulation. The Defiant reports Abraxas Capital purchased more than $477 million worth of ETH over the past week, snapping up around 211,000 tokens. Grayscale followed suit, adding another $83 million in Ethereum to its holdings.
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