Ethereum News Today: Ethereum ETFs Attract Record $726 Million Inflows, Price Surges 50%

Ethereum ETFs experienced an unprecedented surge in inflows, attracting a record $726 million in a single day. This significant influx of capital propelled the price of Ethereum (ETH) above $3,400, marking a substantial milestone for the cryptocurrency. The record-breaking inflow underscores the growing institutional interest in Ethereum, with major players such as BlackRock, Fidelity, and Grayscale leading the charge. BlackRock’s iShares Ethereum Trust (ETHA) alone registered its highest single-day inflow with $489 million, while Fidelity and Grayscale also reported substantial capital entries. This institutional accumulation has swelled corporate holdings of Ethereum to 1.6 million ETH, valued at an estimated $5.3 billion. The rapid accumulation is occurring at a rate 36 times faster than new ETH issuance, highlighting the robust demand from institutional investors.

The surge in Ethereum ETF inflows has coincided with a broader resurgence in the cryptocurrency market. Ethereum has seen a 50% increase in value over the past month, reclaiming heights last seen in late January. This price rebound has sparked significant social media discussions, with Ethereum becoming the top trending crypto asset across various platforms. The bullish sentiment is fueled by a combination of institutional accumulation and renewed investor enthusiasm following Bitcoin’s recent run to a new all-time high. The dramatic price increase has also triggered the highest level of social media discussions since May 2024, with conversations predominantly characterized by optimism as users set their sights on $4,000.

The growing institutional interest in Ethereum is reflected in the increasing number of active wallets. Ethereum now boasts over 152 million non-empty wallets, the most extensive active user base in the crypto space. This milestone is viewed as a sign of the network’s expanding user base and fundamental health. The mass fear of missing out (FOMO) has now shifted to Ethereum, with many expecting its price to hit $4,000 imminently. Some analysts suggest that if Bitcoin’s dominance decreases, Ethereum could fly to new all-time highs past $5,200. The steady rise in the ETH/BTC ratio further indicates Ethereum’s growing magnetism for liquidity, positioning it as the next leg of the current crypto cycle.