US-traded Ethereum exchange-traded funds (ETFs) have experienced a surge in investor interest, with Wednesday’s inflows reaching a remarkable second-highest daily record since launch. According to SoSoValue data, BlackRock’s ETHA fund led the pack, attracting an impressive $500.9 million in a single day. Fidelity’s FETH fund also saw substantial inflows of $154.7 million. Four other spot Ethereum ETFs contributed positive net inflows on Wednesday. 3. This follows on from record-breaking daily inflows on Monday ($1.02 billion) and Tuesday ($523.9 million). The price of Ethereum has risen by 2% in the last 24 hours to reach $4,743, approaching its all-time high of $4,878 set back in November 2021. Analysts at Standard Chartered have raised their ETH year-end price forecast to $7,500 from $4,000, attributing this optimism to institutional buying, the surge in ETF demand, improving stablecoin regulations in the US, and strong technical indicators. Meanwhile, Bitcoin’s spot ETFs also recorded a net inflow of $86.9 million on Wednesday. The cryptocurrency reached a new record high of over $124,000 intraday before settling at $121,704 at press time. Its market capitalization has surpassed $2.45 trillion, marking a significant milestone. *Please note: this is not financial advice.* Read on for the latest data.