Ethereum climbs to $1,730 as crypto ETFs draw strong inflows
Ethereum’s price rose to $1,730, a 12% gain in one week, though it remains about 65% below its all‑time high. Insider buying continued, and the Ethereum Foundation staked 4,938 ETH (over $7 million). BlackRock’s new Ethereum staking ETF attracted $100 million on its first trading day, pushing the token up 6.4%.
Bitcoin Cash investors who bought three years ago would face roughly a 10% loss, with the coin’s price now near its 52‑week low. Meanwhile, crypto exchange‑traded funds saw large fresh capital: U.S. spot Bitcoin ETFs recorded $265.7 million of inflows, the biggest daily amount in over a month, and Ether ETFs added about $20.7 million.
Ripple secured a full MiCA licence, enabling it to offer regulated crypto services across Europe. In the United States, a dispute between the Commerce and Treasury Departments over a proposed strategic Bitcoin reserve adds regulatory uncertainty to the market.