Ethereum Spot ETFs Record Highest Daily Inflow at $726M, as Prices Hit 6-Month High

Ethereum spot ETFs in the US experienced a record-breaking day, with $726.7 million flowing into these investment products on Wednesday. This surge in investment was the highest daily inflow since their inception and was led by BlackRock's iShares Ethereum Trust, which accounted for $499 million of the total. Fidelity Ethereum Fund also saw significant inflows of $113 million. This increased demand from both institutions and retail investors has driven Ethereum's price up by 7.58% in the last 24 hours, reaching $3,380, a level not seen in six months. The ETFs have accumulated $1.8 billion over the past five trading days, indicating strong institutional interest. Some analysts predict Ethereum could potentially reach $4,000, which would also positively influence other altcoins.