Ethereum Spot ETF sees daily net inflow surpassing 1 billion USD for the first time! ETH holds steady at 4,000 USD, is the altcoin season coming?

The US Spot Ethereum ETF reached a historic moment on Monday — a single-day net inflow surpassed 1 billion dollars for the first time, setting a new high since its launch in July last year. The ETH price remains firmly above 4,000 dollars, and market sentiment is high, with discussions about whether the "alts season" is about to begin heating up again.

ETF fund inflows hit record high, institutional confidence soars

According to SoSoValue data, a total of 9 Spot Ethereum ETFs attracted $1.02 billion in capital inflow on Monday:

BlackRock ETHA: 639.8 million USD

Fidelity FETH: $277 million (largest single-day inflow in history)

Grayscale Mini Ether Trust: 66.57 million USD

Gray Scale ETHE: 13 million USD

Others such as Bitwise, 21Shares, Franklin Templeton, and VanEck also recorded positive inflows.

Since May, the cumulative net inflow of Spot ETH ETF has exceeded 10.83 billion dollars.

LVRG Research Director Nick Ruck stated that this reflects institutional confidence in the long-term value of ETH, viewing it as "a store of value and the foundational layer for DeFi and Web3 innovations."

ETH price holds steady at $4,000, market discusses alts season

ETH has risen 45% in the past month, currently priced at $4,284, becoming the market focus after breaking through $4,000.

ETH.D (Ethereum Dominance): Up 30%+ in the last month

BTC.D (Bitcoin Dominance): Down nearly 6.5% during the same period.

Ethereum co-founder Joseph Lubin described ETH as "digital oil" and predicted that "within a year it will surpass Bitcoin's monetary base."

Shiba Inu marketing director Lucie also believes that ETH is in a leading position and its momentum cannot be ignored.

Expert Opinions Diverge: Is it ETH Season or Altcoin Season?

The 10x Research report indicates that its altcoin model has been bullish on alts for 31 consecutive days, and the breakout of major coins may continue the trend.

Santiment data shows that optimistic comments about ETH (#buying、# bullish, etc.) in the community have significantly increased.

Analyst Benjamin Cowen believes: "This is not alts season, this is Ether season."

BTC dominance trend may be key

Currently, BTC.D is about 60%. If it falls below this level, it may pave the way for alts to surpass BTC.

Trader DanCrypto pointed out that the 62% region of Bitcoin dominance (BTC Dominance) is key for short-term momentum. If ETH leads and breaks through the cycle high, the altcoin season will truly kick off.

Conclusion

The record inflow of ETF funds and the strong performance of ETH prices are changing the market landscape. While there is still debate about whether the altcoin season has officially started, one thing is certain: ETH has become the core driving force of this market cycle. In the coming week, the trends of Bitcoin's dominance and ETH's key price levels will determine whether funds flow fully into the altcoin market.

ETH2.26%
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