Ethereum Exchange Traded Funds (ETFs) have experienced a significant surge in inflows, reaching a new record high of $729 million. This marks the second-highest daily net inflow following Ethereum’s recent all-time high of $1.02 billion. Experts attribute this upward trend to growing DeFi applications and increasing institutional investments. 2nd highest daily net inflow of Ethereum ETFs has been recorded on August 12, with a total value exceeding $523.92 million, signifying an increase of $195.27 million compared to the previous day. This surge in ETF inflows is contributing significantly to the overall price appreciation of Ethereum. Ethereum’s price surged by 2.35% in the past 24 hours to reach $4,740.82 per coin, and analysts believe this trend will likely continue as long as bullish sentiment fuels market growth.