BlackRock’s #Ethereum ETF (ETHA) hit record single-day inflows of $639.87M on August 11, pushing total inflows past $10B and holdings above 3.3M ETH. ETHA’s share price jumped 5% to an all-time high of $33.02, up 200% since April. Across all U.S. spot Ether ETFs, daily inflows topped $1B for the first time, outpacing #Bitcoin ETFs by over 5x.

The rally is fueled by strong institutional demand, anticipation of BlackRock’s $ETH staking proposal, and ETH’s price surge from $2,500 in June to $4,300, with some analysts eyeing $12K by year-end.