Ethereum ETFs are recording impressive figures, accumulating the highest daily inflows since their launch. Over the last day, Ethereum ETF inflows reached $726 million, led by BlackRock's Ethereum ETF with $499 million and Fidelity's FETH with $113 million.
The positive figures are not fleeting, but rather reflect the growing institutional interest in the second largest cryptocurrency. Ethereum ETFs recorded their best week with $907 million in inflows, coinciding with the asset's weekly rebound.
Ethereum is currently trading at $3,435, with a 21.54% increase in the last 24 hours. In addition to the growing institutional interest, Ethereum treasury companies are frantically absorbing ETH, pushing prices towards the $3,500 mark.