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U.S.-listed ether (ETH) exchange-traded funds (ETFs) recorded a historic milestone on Monday, pulling in over $1 billion in daily inflows for the first time. The surge came as ETH climbed to $4,358, its highest price since December 2021, fueled by optimism in the broader crypto market. The nine ETFs beat their previous daily record of $726.74 million, set on July 17, according to SoSoValue data.
BlackRock’s ETHA dominated with nearly $640 million in inflows, while Fidelity’s FETH followed with $276.9 million. Total cumulative inflows have now reached $10.83 billion, with combined assets valued at $25.71 billion — representing 4.77% of ether’s market cap. Investors appear increasingly confident as macroeconomic signals point toward favorable conditions for risk assets.
Traders reacted positively to data suggesting an 84% chance of a 25-basis-point interest rate cut by the Federal Reserve in September, according to CME’s FedWatch tool. The U.S. SEC’s decision to drop its lawsuit against XRP developer Ripple also provided fresh momentum, boosting sentiment across the altcoin market.
