On Monday, the spot Ethereum ETF set a record for the largest single-day net inflow, with total inflows exceeding $1 billion.
With key indicators turning bullish, Ethereum (ETH) has risen 45% in the past 30 days.
The inflow of funds into Ethereum ETFs far exceeds that of Bitcoin (BTC) ETFs, which had a net inflow of $178 million on Monday.
Among them, BlackRock's iShares Ethereum Trust ETF (ETHA) attracted $640 million in inflows.
The Fidelity Ethereum Fund (FETH) follows closely with $277 million, also setting its record for the largest single-day inflow.
Nate Geraci, president of NovaDius, stated that Ethereum ETFs were previously underestimated because traditional financial investors do not understand Ethereum.
He stated that as the market views ETH as a pillar of future financial markets, institutional investors' resonance with it has strengthened.
Bullish signals for Ethereum.
Ethereum's exchange inventory fell to a nine-year low of 15.28 million ETH on August 7, which is seen as a bullish signal.
Token Terminal notes that Ethereum remains the dominant chain for tokenized assets, accounting for 58% of all tokenized assets across all chains.
Additionally, the staked assets on the Ethereum network have surpassed $150 billion for the first time.
Ethereum ETFs continue to grow alongside the treasury.
Crypto influencer Anthony Sassano mentioned that since the 2022 merge, Ethereum ETFs have purchased over 50% of newly issued ETH.
Since the blockchain switched to proof of stake, 451,000 ETH have been issued, while the net inflow from ETFs on Monday purchased 238,000 ETH.
The rise in Ethereum's price has also increased its asset management scale held by companies to $13 billion.
Observers call for caution.
The recent price surge has led short-term traders to take profits, indicating they may expect an ETH pullback.
Ethereum co-founder Vitalik Buterin warned that companies purchasing ETH could lead to excessive leverage risks.
