Ethereum Breaks Records, Reaches New Highs as ETFs Drive Massive Investment

Ethereum hit a new all-time high this week, surpassing $4,878, fueled by significant investment inflows from exchange-traded funds (ETFs) and growing demand among corporate treasuries. This surge reflects Ethereum’s expanding utility beyond mere speculative gains, solidifying its role in future global financial infrastructure. 2024 saw the SEC approve several ETFs for Ethereum, resulting in billions of dollars in assets under management. These ETFs have been a major driver of recent price increases, with the largest and most popular one being BlackRock’s ETHA.