Ethereum ETFs Surge with $729 Million Inflow: Record-Breaking Demand for Crypto Investment Vehicles

A record influx of capital into Ethereum exchange-traded funds (ETFs) on Wednesday, amounting to $729.1 million, highlights the growing interest in crypto investment vehicles. This remarkable surge marks their second largest single-day inflow since their launch, according to SoSoValue data. BlackRock’s ETHA and Fidelity’s FETH led the charge, with substantial contributions of $500.9 million and $154.7 million respectively. The momentum also impacted Ethereum (ETH), which saw a 3.44% price surge over the past 24 hours to $4,772 according to CryptoAppsy data.