Ethereum News Today: Ethereum Surges 23% in 13 Weeks as Altcoin Season Begins

Ethereum (ETH) has surged past $3,700, leading the rally in the cryptocurrency market following Bitcoin's recent gains. This significant rise in Ethereum has had a positive impact on other altcoins, with notable increases observed across the board. The altcoin season is anticipated to commence, and CoinShares' weekly cryptocurrency report indicates that investment products saw an all-time high of $4.39 billion in inflows last week. Year-to-date inflows have reached $27 billion, with assets under management (AUM) hitting a record $220 billion.

When examining individual crypto funds, it is evident that the majority of inflows were directed towards Bitcoin. However, Ethereum also experienced a substantial surge. Bitcoin saw an inflow of $2.19 billion, while Ethereum attracted an inflow of $2.11 billion, driven by positive market sentiment. Other altcoins, such as XRP, Solana (SOL), and Sui (SUI), also saw inflows of $36.1 million, $39.1 million, and $9.3 million, respectively. Ethereum's inflows were particularly impressive, reaching a record $2.12 billion, nearly double its previous record of $1.2 billion. The last 13 weeks of inflows represent 23% of Ethereum's Asset Management, and 2025 inflows have already surpassed the full-year total inflows for 2024 of $6.2 billion.

Bitcoin's inflows amounted to $2.2 billion, a decrease from the previous week's $2.7 billion. Solana, XRP, and Sui continued to attract attention with inflows of $39 million, $36 million, and $9.3 million, respectively. In terms of regional fund inflows and outflows, the USA led with an inflow of $4.36 billion. Switzerland and China Hong Kong followed with inflows of $47 million and $14.1 million, respectively. Conversely, Brazil experienced an outflow of $28.1 million, and Sweden saw an outflow of $21 million.

This surge in Ethereum and the broader altcoin market suggests a growing interest and confidence in these digital assets. The significant inflows into Ethereum, in particular, indicate that investors are bullish on its potential, driven by factors such as its smart contract capabilities and the ongoing development of its ecosystem. The positive sentiment surrounding Ethereum has also lifted other altcoins, contributing to the overall rally in the cryptocurrency market. As the altcoin season is expected to begin, investors are likely to continue monitoring these developments closely, looking for opportunities to capitalize on the growing interest in digital assets.