BlockBeats news, August 12, as the second largest cryptocurrency ETH rises to its highest level in nearly four years, the U.S. Ethereum spot ETF set a record for single-day inflows. Data shows that on Monday, the Ethereum spot ETF attracted just over $1 billion in inflows. So far this year, these 9 funds have seen a total inflow of over $8.2 billion.
It turns out that the 'Treasury Companies' focused on ETH are an important driving force behind the rise of the token. These listed companies are continuously expanding their digital asset reserves. According to data compiled by Strategic EthReserve.xyz, the so-called 'digital asset treasury companies' have so far accumulated ETH worth over $15 billion. Peter, the head of research at quantitative trading firm Presto, stated: 'The recent stablecoin legislation passed and the speech by the chairman of the U.S. Securities and Exchange Commission regarding cryptocurrency plans indicate that the Ethereum blockchain behind Ether is ready to earn Wall Street's recognition.' (Jin Shi)
