Quick overview

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A record $726 million has been invested in Ethereum spot ETFs, mostly by BlackRock, as the price of ETH approaches $3,500 due to growing institutional interest.  Corporate treasuries have added more than 600,000 Ethereum to their holdings over the past month, indicating increasing confidence in the asset’s long-term value.

Strong market conviction is shown by whale wallets actively buying ETH above $3,450, with recent individual purchases exceeding $38 million. Spot ETFs experienced a record $726 million inflow led by BlackRock, supported by corporate treasury accumulation and whale buying as Ethereum nears $3,500.

The unprecedented $726 million daily net inflow into Ethereum spot ETFs in the US has surpassed the previous high of $428 million set in December 2024. This rise highlights growing institutional appetite for ETH exposure as Ethereum approaches its highest prices since early 2024. With $499 million in inflows, BlackRock’s Ethereum ETF (ETHA) was the top performer, followed by Fidelity’s FETH with $113 million.

These ETFs now hold over 5 million ETH combined, representing more than 4% of the total circulating supply. The $6.48 billion in net inflows US spot Ether ETFs have received since their July 2024 launch reflect increasing confidence in Ethereum as a strategic asset.