Ethereum Rises 12% in 30 Days as ETF Inflows and Treasury Holdings Grow

Ethereum has risen about 12% over the past 30 days and posted gains for nine straight days, recovering above $1,900 yesterday after touching a low of about $1,565 at the end of June. According to Foresight News, 10x Research said the move remains below Ethereum's January high of about $3,355, but the advance has been steady. ETF products recorded a new round of net inflows, while corporate treasury holdings expanded. Major financial institutions also increased deployment of tokenized assets and custom chains on Ethereum. 10x Research added that staking reached a record high, tightening circulating supply further. L2 migration reduced base gas fees, which slowed fee burns, and core developers continued testnet trials for the Glamsterdam protocol upgrade.