ETH Surges 3.54% as U.S. Spot ETFs Attract $222M and Institutional Demand Hits New Highs

ETHUSDT experienced a 3.54% price increase over the past 24 hours, rising from 3831.15 to 3966.72 on Binance. This upward movement is attributed to several factors, including a surge in inflows to U.S. Spot Ethereum ETFs totaling $222.3 million, increased institutional interest such as Cosmos Health’s $300 million Ethereum strategy, and Ethereum surpassing Vanguard in global asset rankings. Additionally, the market responded to broader economic expectations, such as a potential U.S. Federal Reserve rate cut, which has positively influenced crypto sentiment. Despite mixed investor sentiment and ongoing volatility, ETHUSDT maintained the highest trading volume on Binance Futures, with a 24-hour volume of 589,122.12 ETH (approximately 2.28 billion USDT), and the current price stands at 3966.72.