ETH Surges 5.8% as Spot ETF Inflows, SEC Clarity, and Institutional Moves Drive Momentum

ETHUSDT experienced a 5.80% price increase over the last 24 hours, rising from 3691.53 to 3905.46 USDT on Binance. This upward movement is primarily attributed to strong net inflows into ETH spot ETFs ($35.12 million), heightened trading activity driven by stablecoin transfers and Uniswap usage, and positive regulatory developments, including the SEC's clarification that certain liquid staking services are not considered securities offerings, which has reduced legal risks for Ethereum staking protocols. Additional bullish sentiment was fueled by institutional interest, notably a transfer of 14,938 ETH from FalconX, and commentary from key figures such as Vitalik Buterin and Tom Lee, who highlighted growing corporate treasury holdings and Ethereum’s potential upside. The market saw robust trading volume, with approximately $43.57 billion reported, and Ethereum’s price fluctuated between $3,573.75 and $3,968 in the past day, solidifying its position as the second-largest cryptocurrency by market capitalization.