ETH on Fire: Treasury Investments Spark Ethereum-Led Crypto Boom
Ether outperformed its competitors, leading a significant surge in digital assets as demand increases from institutional investors and corporate treasury buyers.
Quick overview
- Ether has outperformed competitors, surging past $4,300 due to increased demand from institutional investors.
- US-listed ETFs for Ether have attracted over $6.77 billion in inflows this year, highlighting growing interest from large investors.
- Eric Trump praised the Ether rally, indicating potential plans for a publicly traded corporation linked to WLFI tokens.
- Bullish sentiment in the ether options market is evident, with a low put-call ratio and high concentration of call options at $6,000.
Live ETH/USD Chart
Ether outperformed its competitors, leading a significant surge in digital assets as demand increases from institutional investors and corporate treasury buyers. ETH rose by as much as 3%, surpassing $4,300 for the first time since December. In 2021, Bitcoin reached a peak of $121,000, approaching a record high.
The growing interest from large investors in Ether is driving this upward trend. This year, the nine US-listed exchange-traded funds (ETFs) for Ether have attracted inflows exceeding $6.77 billion. Additionally, digital-asset treasury companies—publicly traded entities focused on accumulating cryptocurrency—have collectively gathered around $13 billion in Ether to date.
“Strong spot exchange-traded fund inflows, growing corporate treasury adoption, and a broader stablecoin tailwind” are the main drivers of the flows into Ether over Bitcoin, according to Sean
McNulty, derivatives trading lead of APAC at digital-asset prime brokerage FalconX Ltd.
Eric Trump, the son of former US President Donald Trump, praised the Ether rally in a post on X. He has financial interests in several digital asset companies. According to a Bloomberg News report from Friday, major investors are being consulted about a plan for World Liberty Financial, the business backed by the Trump family.
The plan involves establishing a publicly traded corporation that would hold WLFI tokens.
Bullish sentiment was reflected in the ether options markets, which had an overall put-call ratio of 0.39. Deribit data indicates that the call options with a December 26 expiration have the highest concentration at $6,000
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