Ethereum ETFs Set $726M Inflow Record as ETH Surges

Andrew Chen
Ethereum

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Key Takeaways:

  • Ethereum ETFs Hit Record $726M Inflows as ETH Nears $3,400 Amid Whale and Corporate Buying
  • BlackRock Leads $726M Ethereum ETF Surge — ETH Price Jumps, Institutions Load Up
  • Ethereum Breaks Records: $726M ETF Inflows in One Day, ETH Price Eyes $3,400 and Beyond

Institutional demand for Ethereum (ETH) is surging after U.S.-listed spot Ethereum exchange-traded funds (ETFs) recorded a historic $726 million in daily net inflows on Wednesday—smashing the previous record of $428 million set in December 2024. This comes as ETH rallies to price levels not seen since early January, and altcoins gain momentum in the wake of declining Bitcoin dominance.

BlackRock and Fidelity Drive Ethereum ETF Momentum

According to data from SoSoValue, BlackRock’s ETHA ETF led the record-breaking inflow day with $499 million, followed by Fidelity’s FETH, which added $113 million. U.S. spot Ether ETFs now collectively hold over 5 million ETH, accounting for more than 4% of Ethereum’s total circulating supply.

Since their launch in July 2024, these investment vehicles have attracted $6.48 billion in total net inflows, with $1.8 billion added in just the past five trading days. This accelerated capital influx underscores growing confidence in Ethereum as an institutional-grade asset.

ETH Price Approaches $3,400 as Whales Accumulate

Ethereum Price Chart
Ethereum Price Chart | Source: TradingView

Ethereum is currently trading just under $3,400, reflecting an 8.85% gain in the last 24 hours. Technical analysis shows strong support at the 20-day and 50-day EMAs—$2,866 and $2,647 respectively—positioning ETH for a potential move toward new all-time highs.

On-chain activity confirms significant whale accumulation. Wallet “0x52e” purchased 4,707 ETH ($15.79M), “0x310” bought 4,413 ETH ($15M), and “0x8af” acquired 2,393 ETH ($8M)—all at prices above $3,340. Meanwhile, “0x35fb” withdrew 7,980 ETH from Kraken, increasing their seven-day outflow to over 88,000 ETH (~$298M), suggesting long-term holding strategies.

Corporate Treasuries Turning to Ethereum

ETH’s rise is also being fueled by corporate treasury allocations. SharpLink Gaming added 10,854 ETH ($34.37M) today, following a $35.62M acquisition just a day earlier. The company’s total ETH holdings now exceed 307,000 ETH, valued at over $1 billion.

Also Read: Ethereum Co-Founder Proposes ‘Minimalism’ Strategy for Layer-2 Blockchain Development

Altogether, ETH-centric treasury strategies have resulted in over 600,000 ETH ($2B+) accumulated in the last month, with companies like GameSquare and BitMine joining the wave. According to Binance Square contributor AB Kuai.Dong, Ethereum presents a “fresh narrative” for firms seeking upside potential beyond Bitcoin.

Ethereum’s latest surge—fueled by historic ETF inflows, large-scale whale activity, and corporate adoption—indicates growing conviction among institutional players. As ETH pushes toward $3,400 and altcoin momentum builds, Ethereum may be setting the stage for a renewed run toward $5,000 and beyond.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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