ETH Surges 7.28% as Institutional Inflows and Record Staking Drive $26.3B Trading Volume

Ethereum (ETHUSDT) saw a 7.28% price increase over the past 24 hours, rising from a 24h open of $2,494.76 to a current price of $2,676.44 on Binance. This price surge is primarily attributed to renewed institutional interest, as evidenced by significant inflows into Ethereum investment products, including $296.4 million reported by CoinShares last week and $249 million into BlackRock’s Ethereum ETF in early June. Additional drivers include an all-time high in staked ETH, increased trading activity, and notable accumulation by large holders and institutions such as BTCS Inc. Trading volumes remain elevated, with approximately $26.3 billion in 24-hour volume and a market capitalization around $322–323 billion, reflecting robust market participation and sustained bullish momentum.