In a remarkable turn of events, Ethereum witnessed a surge in inflows for the second consecutive week, thanks to the recent approval of a spot-based ETF by the SEC, which is scheduled to launch in July 2024. This development marks a significant shift for Ethereum, as it had experienced outflows amounting to $200 million over a span of 10 weeks. The positive sentiment surrounding Ethereum also had a ripple effect on other cryptocurrencies like Solana, which observed a substantial increase of $5.8 million in inflows during the previous week.
Furthermore, XRP, Cardano, Chainlink, and Litecoin also witnessed inflows. Notably, XRP received a commendable influx of $800,000, while Cardano and Chainlink secured $300,000 and $1 million respectively. Litecoin, on the other hand, experienced a notable inflow of $600,000.