The US spot Ethereum exchange-traded fund (ETF) saw its first single-day net inflow exceed $1 billion on Monday, reaching a new high since its launch in July last year.

According to SoSoValue data, nine Ethereum ETFs attracted a total of $1.02 billion in inflows yesterday, with the ETHA managed by BlackRock recording a net inflow of $639.8 million. Fidelity's FETH recorded $277 million, marking the largest single-day inflow for the fund to date. Grayscale's Mini Ether Trust had a net inflow of $66.57 million, while its ETHE fund saw an inflow of $13 million. Other funds, such as Bitwise, 21Shares, Franklin Templeton, and VanEck, also experienced positive inflows on the same day.

Since May, net inflows into spot Ethereum ETFs have exceeded $8 billion, and with the inflows on Monday, total net inflows have surpassed $10.83 billion.

Vincent Liu, Chief Investment Officer of Kronos Research, stated that the increase in inflows is due to "ongoing regulatory tailwinds and record treasury fund allocations in traditional finance," which have contributed to a deep liquidity pool, solidifying Ethereum's position as a cornerstone of mainstream cryptocurrency adoption.

Meanwhile, the inflows into spot Bitcoin ETFs on Monday were relatively modest, totaling $178 million.

Ethereum's price has surged 45% this month. According to The Block's Ethereum price page, the cryptocurrency has dropped 0.42% in the last 24 hours, currently trading at around $4,284.