On a notable Wednesday, spot Ethereum 
$2,301 ETFs in the U.S. experienced their second-highest single-day fund inflow since their inception, totaling a significant $729.1 million. According to SoSoValue’s data, BlackRock’s ETHA dominated with an influx of $500.9 million, while Fidelity’s FETH followed, securing $154.7 million. During this time, Ethereum’s mainnet asset, ETH, recorded a 3.44% increase over the last 24 hours, trading at $4,772, as per analytics from CryptoAppsy.
Rising Interest in Ethereum ETFs
The inflows into Ethereum ETFs on Wednesday came after a record $1.02 billion on Monday and $523.9 million on Tuesday, indicating strong demand throughout the week. Of the nine spot Ethereum ETFs, six recorded net inflows on Wednesday. The data underscores BlackRock and Fidelity’s leadership in this space, with consistent market interest over consecutive days.
In their latest evaluation, analysts from Standard Chartered significantly revised their year-end price forecast for Ethereum, moving it from $4,000 to $7,500. Factors underpinning this revision include institutional purchases, ETF flows, evolving stablecoin policies in the U.S., and a reinforced technical outlook. These elements continue to fuel positive price expectations within institutional narratives, aiding bullish market sentiment for Ethereum.
The Status of Bitcoin ETFs
Meanwhile, spot Bitcoin 
$77,293 ETFs in the U.S. documented a net inflow of $86.9 million on the same Wednesday. Prior to this, Tuesday saw $65.9 million in inflows, and Monday $178.2 million. The numbers reflect a relatively muted interest in Bitcoin ETFs compared to Ethereum counterparts, although positive inflows for Bitcoin ETFs remained consistent over the first three days of the week.
According to CoinMarketCap data, Bitcoin reached a new peak, soaring to $124,457 at one point, a historical record. At the time of writing, Bitcoin traded at $121,861 with a 2.8% 24-hour increase.
