Ethereum Price Surges on ETF Inflows, Pepeto Presale Draws $9.7 Million

The Ethereum price has been on the rise due to increased institutional investment in U.S. spot ETH ETFs. On May 1, these funds recorded a net inflow of $101.2 million, with BlackRock's ETHA contributing $43.2 million and Fidelity's FETH adding $49.4 million. This influx of capital is expected to drive the Ethereum price higher, potentially reaching $5,000 by Q3.

Pepeto, a working zero-fee exchange built across multiple blockchains, has attracted significant attention in recent days. With $9.7 million raised at presale pricing and a Binance listing imminent, Pepeto is poised to capitalize on the Ethereum price surge.