Ethereum Price Prediction: ETH Spot ETF has seen inflows for 12 consecutive days, with a potential maximum entry layout of 100 billion USD in the future?

The inflow of Ethereum (ETH) into spot trading exchange-traded funds (ETFs) is accelerating, with new asset management companies announcing their holdings of the asset almost daily. Ethereum spot ETFs have seen inflows for 12 consecutive days, and market analysts suggest that there could be an additional $50-100 billion in capital getting on board.

Vance Spencer, co-founder of Framework Ventures, stated on Tuesday that this will create significant buying pressure on Ethereum in the next 12 to 18 months.

He stated: "Due to the buying pressure on ETH in the medium term (12-18 months), an additional 11 mid-range figures have been added." He added that for an asset worth 400 billion dollars, this could mean an inflow of 50 billion to 100 billion dollars.

Ethereum Spot ETF Soars

The US spot Ethereum ETF has seen inflows for 12 consecutive days, with over $2.2 billion flowing into the product in the past five trading days.

On Monday (July 21), inflows reached nearly $300 million, with Fidelity's FETH fund leading with an inflow of $127 million.

Nate Geraci, President of NovaDius Wealth Management, observed that over $3.5 billion in new capital has entered these products, with five of the top ten inflows occurring in the past two weeks since their launch.

The total inflow of Ethereum ETF is currently 7.7 billion USD, among which BlackRock's inflow exceeds 8 billion USD. Due to the continuous outflow of the higher-priced Grayscale ETHE fund, the total inflow is lower.

In addition to the surge in ETF inflows, a wave of new Ethereum capital companies emerges almost every day.

Earlier this week, a new investment company focused on Ethereum announced plans to go public on Nasdaq and secured over $1.6 billion in funding. According to Reuters, Ether Reserve will launch by merging with a merged entity called "The Ether Machine" through a Special Purpose Acquisition Company (SPAC).

The company will acquire approximately 400,000 ETH, currently worth about $1.5 billion, becoming the largest public Ethereum financial company.

On Monday, the DeFi platform ETH Strategy announced the public sale of the STRAT token based on Ether. The company stated: "ETH Strategy first requires deep on-chain liquidity to kickstart our ETH compounding flywheel, and this foundation is guaranteed by private placement." Previously, the company acquired 6,900 ETH on July 11.

At the same time, Bitmine Immersion Tech and SharpLink Gaming continue to increase their holdings.

ETH price reaches a 7-month high

Ethereum price hit a new 7-month high of $3,850 on Monday, up 25% from the past week.

As of Tuesday morning when this article was written, the trading price of the asset has slightly decreased to $3,685.

Analyst Merlijn The Trader commented that ETH is "replaying its script from 2020," including a downward breakout, the eventual bear trap, and explosive growth. He added that the last time this happened, it resulted in a 1,800% increase in ETH.

At the current level, a similar rebound could drive the price of ETH to soar.

(Source: Trading View)