Institutional investors are pouring a record $1 billion into Ethereum in a single day. According to on-chain analytics firm Arkham, major players such as BlackRock, Fidelity, and Grayscale have collectively fueled this significant influx. BlackRock led the charge with $640 million, followed by Fidelity’s $270 million investment, and Grayscale contributing $80 million. This wave of institutional buying is raising hopes for Ethereum’s mainstream adoption. The price of ETH has surged to $4,506.91, marking a 4.76% increase over the past day according to the latest trading data. 12 August saw nine Ethereum-based ETFs experience net inflows of 231,717 ETH, totaling $1.03 billion in value. BlackRock’s iShares Ethereum Trust was responsible for a substantial portion of this inflow, with over 3.19 million ETH valued at $14.22 billion. Bitcoin ETFs also saw strong inflows, totaling $189.72 million on the same day. This surge in institutional interest reflects growing confidence in Ethereum’s future.