Ethereum ETFs Rake in $13M as ETH Rockets 50% in Wild Week

Wall Street’s latest crypto crush shows no signs of cooling off. Ethereum investment products just sucked up another $13 million—while the asset itself mooned 50% in seven days. Traders are piling in faster than a DeFi yield farm rug pull.

The surge comes as institutional players finally wake up to ETH’s utility beyond speculative trading (though let’s be honest—that’s still 90% of the action). With Layer 2 scaling solutions eating gas fees and staking yields looking juicier than Treasury bonds, even your CFA-obsessed uncle might be reconsidering his ’digital tulips’ stance.

Of course, the real question is whether this is sustainable growth or just another case of hedge funds playing hot potato with retail money. Either way, the ETH train keeps rolling—just don’t be the bag holder when the music stops.