ETH Surges 7.48% as Record $726M ETF Inflows and Institutional Moves Drive Market Momentum

Ethereum (ETHUSDT) has experienced a significant price increase over the past 24 hours, rising by 7.48% to $3,585.35 on Binance. This surge is primarily attributed to record-breaking net inflows into U.S. spot Ethereum ETFs, which saw a single-day inflow of $726.74 million, the highest to date, and strong institutional interest, including major inflows into BlackRock and Fidelity funds. Additional positive sentiment stems from news of BlackRock's SEC filing to integrate staking into its Ethereum ETF and BTC Digital's strategic shift from Bitcoin to Ethereum. Robust trading volume, ranging from $46.03 billion to $63.30 billion, and a market capitalization of approximately $434 billion underscore heightened market activity and renewed investor interest. Over the last 24 hours, Ethereum's price has fluctuated between $3,101 and $3,626.57, reflecting increased volatility amid these developments.