Deep Tide TechFlow News, August 12, according to Jinshi Data reports, as the second largest cryptocurrency, Ethereum, climbs to its highest level in nearly four years, U.S.-focused Ethereum exchange-traded funds have recorded the largest single-day inflow of funds. Data shows that on Monday, spot Ethereum ETFs attracted slightly over $1 billion in inflows. So far this year, these nine funds have seen total inflows exceeding $8.2 billion. It has been proven that Ethereum-focused 'treasury companies' are a significant driving force behind the token's rise. These listed companies are continuously expanding their digital asset reserves. According to data compiled by Strategic EthReserve.xyz, so-called 'Digital Asset Treasury Companies (DATs)' have thus far absorbed Ethereum valued at over $15 billion. Peter, head of research at quantitative trading firm Presto, stated: 'Recent stablecoin legislation and the U.S. Securities and Exchange Commission chairman's cryptocurrency plan speech indicate that the Ethereum blockchain behind Ethereum is ready to gain Wall Street's recognition.'

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