ETH Surges 4.65% as U.S. Spot ETFs and $10B Treasury Holdings Drive Institutional Momentum

Ethereum (ETHUSDT) has experienced a notable price increase of 4.65% over the past 24 hours, with the current price at $4,228.72 on Binance. This upward movement is primarily attributed to substantial inflows into U.S. spot Ethereum ETFs, including significant acquisitions by BlackRock and Fidelity, as well as strong institutional participation evidenced by public companies holding over $10 billion in Ethereum treasuries. Additional bullish sentiment has been fueled by treasury demand, such as Fundamental Global’s plans to raise $5 billion for an Ethereum treasury, and positive developments like the Ethereum Foundation’s scaling updates and increased gas limits. The market has seen robust trading activity, with a 24-hour volume exceeding $40 billion and a circulating supply of approximately 120.71 million ETH, reflecting continued optimism and active participation in the Ethereum ecosystem.