Ethereum ETFs saw $726 million in daily inflows, surpassing the previous record of $428 million set in December 2024.
Corporate treasuries accumulated over 600,000 ETH in the past month, adding over $2 billion in ETH to balance sheets.
Whale wallets increased on-chain ETH purchases above $3,340, with total individual buys exceeding $38 million in recent days.
Ethereum spot ETFs in the United States recorded their highest-ever daily net inflow of $726 million on Wednesday. The previous record of $428 million, set in December 2024, was surpassed as Ether’s market performance drew increased institutional demand. This sharp increase in inflows came as Ethereum approached its highest price levels since January.
BlackRock’s Ethereum ETF (ETHA) led all funds with $499 million in inflows, according to data from SoSoValue. Fidelity’s FETH followed with $113 million. Combined, the total assets held in US spot Ether ETFs now exceed 5 million ETH, accounting for over 4% of Ethereum’s circulating supply. Since their July 2024 launch, these funds have attracted $6.48 billion in net inflows.
ETH price rises with strong technical support
Ethereum is trading just below $3,400, marking an 8.85% increase in 24 hours. The 20-day and 50-day Exponential Moving Averages, now at $2,866 and $2,647, respectively, serve as support zones for the asset’s price momentum. Market analysts note that declining Bitcoin dominance is contributing to the strengthening altcoin market.
On-chain data reveals sustained whale activity. Wallet “0x52e” acquired 4,707 ETH for $15.79 million. Another large holder, “0x310,” added 4,413 ETH worth $15 million. A third wallet, “0x8af,” purchased 2,393 ETH for $8 million. All three purchases occurred above the $3,340 level, indicating growing confidence in Ethereum’s long-term outlook.
Exchange withdrawals signal a holding trend
Large withdrawals from exchanges further highlight investor sentiment. Whale “0x35fb” removed 7,980 ETH, valued at $26.86 million, from Kraken. This added to a total of 88,292 ETH withdrawn over the past week, signaling a trend toward holding rather than selling.
Corporate interest in Ethereum has also increased. SharpLink Gaming added 10,854 ETH, worth $34.37 million, to its treasury holdings after acquiring 10,614 ETH the previous day. The company now holds over 307,000 ETH. In total, treasury-based ETH holdings have risen by approximately 600,000 ETH, valued at more than $2 billion, over the past month.
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