#ETHBreaks3k

Ethereum tops $3,300 as spot ETH ETF inflows hit record high — is $3,500 in sight?

Ethereum surged past the $3,300 mark on July 16, trading at levels not seen since early February, as inflows into spot Ethereum exchange-traded funds hit a new all-time high.

As of this writing, Ethereum is up 7% over the last day, trading at $3,336. The token peaked at $3,385 intraday, marking a significant breakout after weeks of range-bound movement. ETH has gained 20% in the last week and has now increased by about 30% in the last 30 days. It is only 31% below its peak of $4,878, which was reached in November 2021.

The rally comes as demand for U.S. spot ETH ETFs is at an all-time high. According to SoSoValue data, U.S.-listed ETH ETFs saw net inflows of $717 million on July 16, the highest daily total to date. These funds now hold over 4% of Ethereum’s circulating supply.

BlackRock’s ETHA led the inflows with a $489 million net addition, its single-largest daily tally, while Fidelity’s FETH followed with $113 million. The new high easily surpassed the previous record of $428 million set on Dec. 5, 2024, as per Farside Investors data. Monthly inflows have now crossed $2.27 billion, further demonstrating renewed institutional interest.#Write2Earn #BinanceHODLerERA #TradingStrategyMistakes #ArbitrageTradingStrategy $ETH