Ethereum ETF Approved, Entry Flow Skyrockets

JAKARTA - Ethereum (ETH) has suddenly been in the spotlight after the United States Capital Market Supervisory Agency (SEC) gave a surprising agreement for Ether-based Exchange-Trad Fund (ETF). This decision not only marks a milestone for Ethereum but also triggers a wave of optimism throughout the crypto industry.

In the past week, Ethereum has seen impressive investment inflows of 69 million US Dollars (approximately Rp1.1 trillion), according to the latest data from CoinShares. This increase has pushed Ethereum's total annual inflow to nearly 81 million US Dollars (approximately Rp1.3 trillion). This positive momentum also has an impact on other digital asset products, with incoming investments reaching 2 billion US Dollars (approximately Rp32.5 trillion) and extending the positive trend over five consecutive weeks to 4.3 billion US Dollars (approximately Rp70 trillion).

Although Ethereum has attracted recent attention, Bitcoin still holds the throne as the king of crypto with weekly inflows reaching 1.97 billion US Dollars (approximately IDR 32 trillion). However, short-term investments in Bitcoin show a decline for the third week in a row, with an outflow of 5.3 million US Dollars (approximately IDR 86.3 billion).

Altcoin also shows a positive signal with increased investment activity. Investment products based on Solana, Litecoin, and Chainlink recorded weekly inflows of 0.7 million US Dollars (approximately IDR 11.4 billion). Meanwhile, XRP and Fantom recorded encouraging inflows of 1.4 million US Dollars (approximately IDR 22.8 billion) and 1.2 million US Dollars (approximately IDR 19.5 billion), respectively.

Trading volume in exchange-traded products (ETP) experienced a significant spike of nearly 13 billion US Dollars (approximately IDR 211 trillion) in a week, an increase of 55% from the previous week. Recent reports from CoinShares show that nearly all providers recorded inflows, with a slowdown in outflows from established players.