U.S. spot Ethereum exchange-traded funds (ETFs) have experienced a record-breaking surge this August, with net inflows exceeding $2.9 billion in just the past week. This influx surpasses previous highs and sets the stage for an historic month of investor participation. 2023 has already seen unprecedented levels of demand as ETH ETFs saw nearly $3 billion in net inflows within the first half of August alone, placing it second only to July’s record-breaking $5.43 billion. This week marks a record pace since the launch of these products. On Monday, inflows reached a staggering over $1 billion – marking the highest single-day influx ever recorded. 2023’s ETH ETF inflow trends are now at their fastest clip to date, even exceeding July’s monthly peak.