The cryptocurrency market has witnessed explosive growth with Ethereum (ETH) leading the charge. A massive influx of institutional capital into spot ETH ETFs within just 24 hours has set a new record for daily inflows, exceeding $1 billion. This surge in price is attributed to increased interest from traditional finance firms and reflects the growing adoption of Ethereum. Analysts point to the historically high number of institutional investments as a key factor driving the market’s momentum. The recent influx suggests ETH might soon challenge the $5,000 mark. 24-hour inflows into the BlackRock iShares Ethereum Trust and Fidelity’s Ethereum fund set new records for both companies.