- The US spot ETH ETF attracted over $726 million in daily inflows on Wednesday.
- BlackRock’s ETHA added nearly $500 million in one day.
- Ethereum’s price surged, breaking above $3,400 for the first time since January 2025.
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 data 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%.
Related: Ethereum Bullish Breakout: How Far Will ETH Price Rally in July?
BlackRock Led in Total Asset Class Inflow
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.
The Market Reacts: ETH Surges Past $3,400
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.
Related: Ethereum Price Eyes $3.5k Next Fueled By Renewed Demand from Institutional Investors
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.
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