Ethereum Spot ETF has pumped for six consecutive days! In a single day, it吸引ed 524 million USD, as a surge of funds pushed ETH higher.

The influx of funds into the US Spot Ethereum (ETH) ETF continues to heat up. Following a record net inflow of $1.02 billion on Monday, another $523.9 million was attracted on Tuesday, achieving six consecutive days of net inflows, with a total of $2.33 billion raised. As institutional demand surges, the price of ETH skyrocketed to $4,667, only about 4.5% away from the historical high set in November 2021.

ETF fund inflow momentum is strong

(Source: The Block)

According to SoSoValue data, 6 out of 9 U.S. Spot Ether ETFs recorded net inflows on Tuesday:

BlackRock ETHA: Inflows of $318.67 million, ranking first

Fidelity FETH: Inflows of 144.9 million USD

Grayscale Mini Ethereum Trust: Inflows of $44.25 million

Currently, the total asset size of the Spot ETH ETF has reached 27.6 billion USD, accounting for approximately 4.8% of Ethereum's total market value.

Capital Rotation: ETH Surpasses Bitcoin ETF

Nate Geraci, president of NovaDius Wealth, pointed out that recent capital flows show a significant shift, with the fundraising speed of the ETH ETF surpassing the Bitcoin ETF craze seen last year and early this year. On Tuesday, the Bitcoin Spot ETF only recorded a net inflow of $65.9 million, far below the performance of ETH.

Geraci believes that traditional financial investors' perception of ETH is changing from "strange asset" to "pillar of future financial markets," and this narrative is attracting more capital into the market.

ETH price approaches historical high

Driven by capital inflows and institutional adoption, the price of ETH has risen by 8.5% in the past 24 hours, reporting at $4,667, just about $211 away from the historical high of $4,878.26 in November 2021.

The Block data shows that as of Monday, the ETH held by enterprises and financial companies is worth approximately $8.9 billion, reflecting that corporate financial strategies based on Ethereum are rapidly gaining popularity.

DAT and ETF Dual Drive

Digital asset financial company (DAT) has recently accelerated its deployment of the ETH treasury strategy, attempting to replicate the successful model of Bitcoin treasury pioneer Michael Saylor.

At the same time, since the listing of the spot ETH ETF in July 2024, the cumulative net inflow has exceeded 9 billion USD, with an increase of about 5 billion USD in the past month, demonstrating a continuous strengthening of fund momentum.

Conclusion

The US Spot Ethereum ETF has attracted capital for six consecutive days, with a single-day inflow of $524 million, pushing the ETH price close to its historical high. With institutional adoption and capital rotation accelerating, ETH is expected to challenge the record price of $4,878 in the short term. Investors should closely monitor ETF capital flows and changes in institutional holdings, as these factors will directly impact ETH's medium to short-term trend. For more real-time market data and in-depth analysis, please follow the official Gate platform.