The cryptocurrency market saw a substantial influx of capital into Ethereum investment products on Wednesday, with institutions pouring in over $157 million. This surge in institutional involvement coincided with a notable 15% price rally for Ethereum, pushing its price above the $2,000 mark.
While retail traders were focused on Bitcoin headlines, institutional desks were quietly building their exposure to Ethereum through spot ETFs. The timing of this influx suggests that institutions are driving the current trend rather than mere speculation.
The recent filings have shown large asset managers increasing their exposure to Ethereum-linked vehicles over recent quarters. This shift in focus towards Ethereum's ecosystem, particularly tokenization and real-world assets, may be a key factor in its current price movement.