The U.S. spot Ethereum ETFs have just had a record-breaking day, pulling in a massive $726.74 million in net inflows on Wednesday.
The U.S. spot Ethereum ETFs have just had a record-breaking day, pulling in a massive $726.74 million in net inflows on Wednesday.
According to from the ETF aggregator platform SosoValue, BlackRock’s ETHA saw a $499.25 million inflow on the day to top the chart among the other ETF products. With that inflow, BlackRock increased its ETHA holding by 0.83%.
Besides BlackRock, all the other US spot Ethereum ETF products, except 21Shares’ CETH, recorded positive net daily inflows.
Grayscale added $33.04 million worth of ETHE to its ETF holdings, while Fidelity’s FETH holdings increased by $113.31 million. Other ETF products with notable inflows on Wednesday include Bitwise’s ETHW, which saw a $14.45 million inflow, Grayscale’s ETH with $54.18 million, and VanEck’s ETHV with a $3.69 million inflow.
Meanwhile, Franklin Templeton’s EZET increased its spot ETF holding by $5.10 million, while Invesco’s QETH added $3.72 million to its coffers. The cumulative inflows have brought the total net assets in the US spot Ethereum ETF to $16.41 billion, a record value since the SEC approved the digital asset class about a year ago.
In the meantime, the highlighted inflow in the US spot Ethereum ETF asset class triggered a significant demand for Ethereum, leading to a notable surge in the cryptocurrency’s price. Ethereum gained over 10% on Wednesday as the price surged above $3,400 for the first time since January 2025. TradingView’s data shows that the top altcoin achieved its highest single-day profit in over two months amid significant bullish momentum.
Ethereum’s rally continued on Thursday morning, with the cryptocurrency gaining over 4% in the early hours of the day to trade for $3,460 at the time of writing. Many analysts expect the altcoin to continue its upward trend and potentially retest its historical highs during a full-fledged altcoin season.
