ChainCatcher reports that as the price of Ethereum (ETH) climbed to its highest level in nearly four years, U.S. Ethereum spot ETFs set a record for the largest single-day inflow. Data shows that on Monday, Ethereum spot ETFs attracted a total of more than $1 billion in inflows, and the total inflows of these nine funds have exceeded $8.2 billion so far this year.
These ETH-focused "treasury companies" have become a significant force driving Ethereum's price rise. These publicly listed companies continue to increase their digital asset reserves. According to data from Strategic EthReserve.xyz, these so-called "digital asset treasury companies" have accumulated over $15 billion worth of ETH.
Peter, head of research at quantitative trading firm Presto, noted: “The recently passed stablecoin legislation and the SEC chairman’s speech on cryptocurrencies suggest that the Ethereum blockchain is ready to win Wall Street’s approval.”
