Ethereum News Today: Ethereum ETFs See Record $720 Million Inflow as Prices Surge 7.5%

Spot Ethereum ETFs have witnessed a remarkable surge in inflows, with BlackRock's iShares Ethereum Trust (ETHA) leading the charge. On Wednesday, the fund saw a record inflow of $489 million, equivalent to 148,585 ETH. This marks the highest daily inflow since the fund's inception in July 2024 and was accompanied by record daily trading volumes of $1.8 billion, underscoring the growing institutional appetite for Ethereum.

Over the past five trading days, the BlackRock Ether ETF has attracted a staggering $1.25 billion in inflows, accounting for nearly 20% of its total aggregate inflow since its launch. This influx of capital has been mirrored across the broader Ethereum ETF market, with a record daily inflow of $720 million observed. This figure surpasses the previous record of $430 million, highlighting the intense interest from institutional investors.

Fidelity’s FETH fund and Grayscale’s mini Ethereum Trust (ETH) also experienced significant inflows. Fidelity’s fund saw $113 million in inflows, its highest level since December 2024, while Grayscale’s fund attracted $54 million, its best performance since November 2024. These inflows have contributed to a total of $6 billion in aggregate inflows across all spot Ethereum ETFs since their inception, with half of that amount coming in just the past five trading days.

The surge in Ethereum ETF inflows has coincided with a notable increase in Ethereum's price. On Wednesday, Ethereum prices surged 7.5% to reach a six-month high of $3,420. Although the price cooled slightly from this peak, it remained robust at $3,350 at the time of writing. This price movement represents a 30% gain over the past fortnight, outperforming Bitcoin, which saw an 8.5% increase during the same period.

The growing institutional interest in Ethereum is further evidenced by the accumulation of Ethereum in corporate treasuries. Currently, there is 1.6 million ETH worth around $5.3 billion in these treasuries, being purchased at a rate 36 times higher than the daily production of ETH. Additionally, Ethereum-based digital investment funds have posted their twelfth consecutive week of inflows, totaling $990 million, the fourth-largest weekly inflow on record.

This bullish sentiment is supported by the technical outlook, which indicates an uptrend on the daily chart. The network's ability to sustain above the $3,000 mark and the steady interest highlighted in recent reports further bolster the positive market sentiment. The approval of spot Ethereum ETFs by regulatory bodies and the significant inflows from major financial institutions have been pivotal in driving this momentum, reflecting a broader shift in the market towards digital assets.