US Spot Ethereum ETFs See Record $1.01B Inflows Amid Significant Price Surge

• On Monday, Ether ETFs had a net inflow of around $178 million, far outpacing Bitcoin ETFs.
• A record $640 million poured into BlackRock’s iShares Ethereum Trust ETF (ETHA), making it the Ether fund with the most inflows.

With a total of $1.01 billion inflows, US spot Ethereum exchange-traded funds (ETFs) had their best day of net inflows ever on Monday. This news came after 47% gains for Ether in the last 30 days and a number of important indicators became positive. At the time of writing, ETH is trading at $4506, up 5.83% in the last 24 hours as per data from CMC.

On Monday, Ether ETFs had a net inflow of around $178 million, far outpacing Bitcoin ETFs, as reported by Farside Investors. A record $640 million poured into BlackRock’s iShares Ethereum Trust ETF (ETHA), making it the Ether fund with the most inflows.

Second place went to the Fidelity Ethereum Fund (FETH). Which also had the most single-day inflow of any cryptocurrency fund at $277 million. Because institutional investors were confused about Ethereum, analysts said that Ether ETFs were undervalued at first.

Resonating with Institutional Investors

Moreover, according to analysts, ETH is now resonating with institutional investors. Because of its reputation as the foundation of future financial markets. According to CoinGecko, Ethereum’s price has increased 47% in the last 30 days. And now that important indications are becoming positive, record inflows are being recorded.

According to statistics from Glassnode, the amount of Ether held on exchanges reached a nine-year low on Thursday. Falling to 15.28 million ETH, the lowest level since November 2016.

It is usually seen as a positive indicator when investors remove their cryptocurrency holdings from exchanges. This might indicate that they are planning to save their assets for the long term. Token Terminal, a onchain data platform, observed in a Monday X post that, of all chains, Ethereum’s 58% share of tokenized assets made it the clear leader. In addition, the business said that Ethereum network staked assets have now crossed the $150 billion mark for the first time.

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