🚀 Ethereum Spot ETFs Explode: $726M Daily Inflow Sparks 6-Month Price High
Wall Street's latest crypto crush just hit a fever pitch—Ethereum spot ETFs are raking in cash like a hedge fund at a taxpayer bailout buffet.
The floodgates open
With $726 million pouring in faster than VC money into an AI startup's seed round, ETH prices punched through their highest level since January. The ETF frenzy proves institutional investors finally figured out how to spell 'wallet'—just as retail traders start chasing the pump.
Gas fees meet Wall Street fees
Traditional finance's belated embrace of crypto now comes with their favorite ingredient: layers of middleman fees. But who cares about 2% management costs when ETH's up 40% in a month? (Spoiler: your future self when bear markets return.)
This isn't adoption—it's financial FOMO dressed in a three-piece suit. The real question: will these ETFs hold through the next 20% correction, or will the 'smart money' panic-sell like everyone else?
Ethereum Spot ETF Flow on Record Breaking DayEthereum Spot ETF Flow on Record-Breaking Day
Notably, the stellar outing drew the attention of notable market participants. Specifically, Nate Geraci, the president of ETF Stores, highlighted the record-setting day in a tweet today. He noted that the ETFs have accumulated $1.8 billion over the past five trading days, a sign of accelerated institutional traction.
Ethereum’s Price Reacts
Meanwhile, Ethereum responded positively to the increased accumulation, outperforming all cryptocurrencies in the top 10 ranking by market capitalization, except for XRP. Ether has increased 7.58% in the past 24 hours to reach $3,380.
Remarkably, Ethereum has not reached this price level in six months. For context, it last traded above $3,380 on January 31, correcting massively from the mark to prices below $1,500.
Nonetheless, the altcoin leader has regained bullish momentum and is set for higher prices. According to a recent report from The Crypto Basic, analysis shows Ether’s next target is a rally to $4,000, with other altcoins benefiting from the momentum.
