Ethereum News Today: Ethereum ETFs See Record $727 Million Inflow as Ether Price Jumps 9%

Yesterday, US Ethereum spot ETFs experienced a significant surge in inflows, reaching a new high of $727 million in a single day. This figure surpassed the previous record of $428 million set on December 5. The nine funds tracked have seen continuous daily inflows for eight consecutive sessions, setting the stage for this historic one-day inflow.

Leading the charge were major funds such as BlackRock’s iShares Ethereum Trust (ETHA), which attracted nearly $500 million, bringing its total net inflow to $7.11 billion since its launch. Fidelity’s Ethereum Fund (FETH) also made a substantial contribution, adding $113 million to its cumulative total of almost $2 billion. Other notable contributors included Grayscale’s Ethereum Trust (ETHE) with $54 million, the Grayscale Mini Trust with $33 million, and Bitwise’s ETHW ETF with $14.5 million. This widespread participation from both institutional investors and retail investors highlights the growing interest in Ethereum ETFs.

Nate Geraci, president of ETF Stores, observed that these ETFs have accumulated close to $2 billion over the past five trading days. This rapid inflow indicates a rising comfort level among large investors in owning Ether through familiar investment vehicles. Retail investors, who often follow institutional moves, could be inspired by these numbers to increase their demand for Ethereum.

Ether’s price responded positively to these inflows, climbing 9% in the last 24 hours to reach $3,430. This level has not been seen since January 31, when Ether last topped $3,370 before dropping below $1,500. The sensitivity of Ether’s price to significant capital flows into spot ETFs is evident in this sharp rise.

Analysts are now looking at $4,000 as the next potential milestone for Ether. If other top-10 altcoins follow Ether’s lead, the broader crypto market could experience a significant upward trend. However, it is important to note that strong inflows alone do not guarantee sustained gains. Market sentiment and aggressive profit-taking can quickly reverse these inflows. For now, the outlook remains bullish, with the potential for Ether to push toward $4,000 if inflows continue and the price holds above $3,300.