In the past 24h, Ethereum ETFs saw their first ever billion-dollar inflow:
Blackrock ETHA: +$639.8M
Fidelity FETH: +$276.9M

With other players included — total inflow hits $1.018B.

Ponzi-style firms SBET and BMNR went full degen over the weekend, aggressively buying into almost empty order books. BMNR, led by Tom Lee, even pulled off double the trading volume of MicroStrategy yesterday.

Looks like TradFi has chosen a new toy and is now playing hard with the “ETH treasuries.”

So… how long until we see $5K ETH?