U.S. spot Ethereum exchange-traded funds attracted $729.1 million in net inflows on Wednesday, marking their second-largest daily haul since launching.
BlackRock’s ETHA dominated activity with $500.9 million, followed by Fidelity’s FETH at $154.7 million, while other issuers also posted positive numbers.
The surge comes on the heels of $1.02 billion in inflows across Monday and Tuesday, underscoring a wave of institutional demand for Ethereum exposure.
The cryptocurrency rose 2% over the past day, trading at $4,743 early Thursday — just shy of its $4,878 peak from November 2021.
Standard Chartered now expects Ethereum to hit $7,500 by the end of the year, revising its forecast from $4,000.
The bank cited a combination of ETF momentum, corporate treasury adoption, favorable shifts in U.S. stablecoin policy, and improving market structure as key drivers.
Bitcoin ETFs also saw steady inflows, with $86.9 million on Wednesday following $65.9 million on Tuesday and $178.2 million on Monday.
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Source: https://coindoo.com/ethereum-etfs-pull-in-729m-as-price-edges-toward-all-time-high/