ETH Tops $3,400 as Ether ETFs See Record Daily Inflows

Ether's price increased to $3,478, reaching a six-month high, with a 24% increase in the past week. This rise is attributed to a record $726.7 million net daily inflow into Ether ETFs, indicating increased demand from both institutional and retail investors. ETH's price has risen 9.6% in the last 24 hours, and its year-to-date performance is now positive. Publicly listed companies have purchased over 570,000 ETH recently, and ETH futures contracts open interest has reached a record $50 billion. Ether's market value has grown by 50% since June 22nd, reaching its highest price since late January. There are over 152 million non-empty Ether wallets, which is more than any other cryptocurrency.