Investors are showing significant interest in spot Ethereum ETFs, with a recent surge in investment highlighting growing confidence in the cryptocurrency. Over six days, investment in these funds reached $2.33 billion, representing 4.8% of Ethereum’s market capitalization. This influx is largely attributed to major players such as BlackRock, Fidelity, and Grayscale, who have experienced hundreds of millions in new investments for their respective ETFs (ETHA, FETH, and Mini Ether Trust). Notably, August 12, 2025 data shows that eight out of nine of these funds closed positively over the past trading period. The surge has been amplified by a rise in Ethereum’s price, which has climbed 8.5% within 24 hours to reach $4,667, bringing it closer to its all-time high from November 2021. This coincides with institutional investors increasingly turning towards Ethereum ETFs rather than Bitcoin alternatives, as highlighted by Nate Geraci of NovaDius Wealth, who observed a shift in sentiment from traditional financial circles.