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Ethereum ETFs attract record $726 million, pushing ETH price above $3,400

BlackRock's iShares Ethereum Trust captures $500 million in inflows, leading the charge of the ETH funds.

CryptoSlate

Jul 17

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Happy Thursday!

Ethereum continues to steal the spotlight as ETFs surge with record inflows of $726 million, propelling ETH above $3,400, driven in large part by BlackRock’s iShares Ethereum Trust which led the charge with $500 million. On the legislative front, crypto policy faces new twists as the US House advances a motion to revisit a key package containing the GENIUS Act, signaling further debate ahead. Meanwhile, France is eyeing $150 million in annual revenue by leveraging its excess nuclear energy for Bitcoin mining, offering a glimpse of how nations are reshaping energy and finance. Stay tuned for these pivotal updates driving today’s crypto markets.

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The global crypto market cap is $3.82 trillion, with a 24-hour volume of $212.51 billion. The price of Bitcoin is $118,420.48, and BTC market dominance is 61.8%. The price of Ethereum is $3,406.30, and ETH market dominance is 10.8%. The best-performing sector is Insurance, which gained 10%. The Crypto Fear & Greed Index is currently Greed (74).