ETH Surges 5.82% as U.S. Spot ETFs See $726.6M Inflows and Institutional Holdings Hit $5.33B

Ethereum (ETHUSDT) has experienced a notable price increase of 5.82% over the past 24 hours, with the current price at $3,635.07 on Binance. This upward movement is primarily attributed to record inflows into U.S. spot Ether ETFs, which saw $726.6 million in a single day, including significant allocations from BlackRock and Fidelity. Institutional adoption is further underscored by corporate treasuries now holding $5.33 billion in ETH, with companies like SharpLink Gaming and BitMine among the major holders. Additionally, positive regulatory developments in the U.S., such as the advancement of cryptocurrency legislation in the House of Representatives, have contributed to bullish market sentiment and increased trading activity.

Market activity has surged, with 24-hour trading volumes reported between $51.88 billion and $63 billion, and Ethereum’s market capitalization standing at approximately $436.99 billion. The price has fluctuated between a low of $3,361.20 and a high of $3,673.84 in the last day, reflecting heightened volatility and investor interest amid ongoing network upgrades and institutional engagement.