Key Takeaways:
U.S. spot Ether ETFs drew a record $726.6 million in daily inflows on Wednesday.
BlackRock and Fidelity led the surge, with ETHA contributing $499M.
ETFs now hold over 5 million ETH, or 4% of circulating supply.
ETH price jumped 7.2% in 24 hours, while altcoins like XRP, SOL, and DOGE posted strong gains.
Corporate treasuries now hold $5.33B in ETH, led by SharpLink and BitMine.
Spot Ether ETFs in the U.S. logged their largest-ever daily inflow on Wednesday, pulling in $726.6 million as Ether and altcoins surged in tandem.
According to Farside Investors, the record was led by BlackRock’s ETHA, which attracted $499 million in net inflows. Fidelity’s FETH followed with $113 million, marking the second-highest gain for the day.
The inflows pushed total ETF holdings above 5 million ETH, accounting for more than 4% of Ethereum’s circulating supply, according to data from Trader T.
This inflow surpasses the previous record of $428 million, set on Dec. 5, 2024, by nearly 70%.
ETF Demand Outpaces ETH Issuance
Data from Ultra Sound Money shows that in the past 24 hours, just $6.74 million worth of ETH was newly issued, while ETFs purchased nearly 107 times that amount on the same day — a staggering ratio highlighting institutional demand.
ETH and Altcoins Outperform Bitcoin
ETH surged to $3,418, marking a 7.2% gain in the past 24 hours and a 30% rise over the past two weeks, per CoinGecko.
Analyst Matthew Hyland suggested that Bitcoin dominance may have peaked, noting that a further decline toward 45% dominance could fuel an altcoin supercycle. Currently, BTC dominance stands at 61%.
Top altcoin performers in the past 24 hours include:
XRP: +7.6% to $3.13
BNB: +3.4% to $717.46
Solana (SOL): +5.2% to $172.22
Dogecoin (DOGE): +6.9% to $0.2104
Tron (TRX): +3.2% to $0.2943
Cardano (ADA): +3.5% to $0.7668
Meanwhile, Bitcoin gained just 0.7%, showing signs of short-term consolidation.
Corporate ETH Holdings Hit $5.3 Billion
Institutional appetite for Ether extends beyond ETFs. Corporate ETH treasuries now hold $5.33 billion, representing 1.33% of ETH’s circulating supply, according to Strategic ETH Reserve.
Among the notable buyers:
SharpLink Gaming added $68 million in ETH in 24 hours, bringing its 8-day total to $343 million, per Lookonchain.
World Liberty Financial, reportedly backed by President Donald Trump, bought another $5 million at $3,266 — above its prior average price range.
BitMine Immersion Technologies, chaired by Tom Lee of Fundstrat, disclosed a treasury position exceeding $500 million in ETH, according to cointelegraph.
