Spot Ethereum ETFs experienced record net inflows on Friday, surpassing Bitcoin ETFs. Ether ETFs received $332 million in inflows, indicating a change in investor attitude and growing popularity for Ethereum. Institutional interest in Ethereum ETFs has been increasing, with BlackRock’s Ether ETF contributing $250 million in inflows and Fidelity’s FETH receiving $79.1 million. This has helped ETHA surpass $2 billion in total investments since its launch. In contrast, Bitcoin ETFs have seen reduced activity, suggesting a rotation of capital from Bitcoin to Ethereum. The higher ETF inflow also influenced Ethereum's price to grow by 4.27%, reaching above $3,720. Technical analysis suggests a breakout from an inverse head and shoulders pattern, indicating a potential bullish impulse with the possibility of surpassing $5,000. The growing inflows into Ethereum ETFs may indicate the start of a larger cryptocurrency surge and open the door for altcoins. Analysts suggest that Ethereum's growth could lead to a long-awaited altcoin season. Overall, the combination of strong inflows and bullish technical patterns suggests a promising outlook for Ethereum.



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