According to data from the exchange-traded funds (ETFs) tracker, Farside, U.S.-approved Ethereum (ETH) ETFs ended the last business week with over $2.1 billion in inflows. This marks the highest inflow week for the U.S.-listed Ether-pegged investment funds since their launch in mid-2024.
As a result of the massive influx of funds into ETH from investors across various financial institutions, its value soared significantly. It surpassed $3,820 and reached a market capitalization of over $450 billion, solidifying its position as the world’s second-largest cryptocurrency by market capitalization.
Ether ETFs Scoop $2.1B
On Monday, the Ether ETFs amassed $259 million across seven investment funds. BlackRock’s ETHA, which took in $151.4 and Fidelity’s FETH, which ended the day with $31.4 million in inflows. CETH and QETH recorded no transactions that day, leaving the rest to account for a minimal portion of the green business day. It also concluded Tuesday with over $192 million as a result of inflows from ETHA, FETH, and Grayscale’s Mini Trust, ETH.
The best business day for the Ether funds was Wednesday, when investors pulled in a whopping $726.6 million across eight of the nine already-trading Ether ETFs. Remarkably, it marked the highest inflow day for the U.S. Ether ETFs. Only Ark 21Shares CETH was not part of Wednesday’s inflow, but it ended the following day with $3.8 million, contributing to the bullish week.
Meanwhile, Thursday was historic as CETH ended the day with $546.7 million inflows, gaining its best business day in history and contributing to the second-largest business day for U.S. Ether ETFs. The funds saw $602 million on Thursday and ended the week with $402.5 million on Friday. In all, the week ended with approximately $2.18 billion in inflows.
ETH and Other Altcoins Surge
Notably, the bullish week was not limited only to ETH as other cryptocurrencies joined the trend. According to data from CoinMarketCap, with ETH rising by over 25% within the past week, XRP, the native token of payment platform Ripple Labs, has seen a surge of over 20% to surpass $3.5. Solana (SOL) now trades above $190 after a 14% surge, and Dogecoin (DOGE), the world’s first memecoin, has soared by over 32% to solidify its position in the top eight cryptocurrencies list.
Meanwhile, bitcoin (BTC), the world’s leading cryptocurrency, which initiated the uptrend and reached a new all-time high a few days ago, has been trading around $119,000, as the chart shows, with numerous sideways movements.
