Ethereum Breaks $4,000: Could It Make A New All-Time High In 2024?
Posted On December 6, 2024
Ethereum (CRYPTO: ETH) on Friday crossed the $4,000 threshold for the first time since March, signaling renewed investor confidence as institutional interest in the cryptocurrency grows.
The surge is closely tied to record-breaking inflows into U.S. Ethereum spot ETFs, which have simplified access to the asset for institutional players.
On Dec. 5, Ethereum spot ETFs reported an unprecedented total net inflow of $428 million.
BlackRock‘s Ethereum ETF (NASDAQ:ETHA) led with $293 million in daily net inflows, followed by Fidelity‘s Ethereum ETF (CBOE: FETH), which saw $114 million in inflows.
These figures demonstrate the …
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