Ethereum is approaching unprecedented price levels following record-breaking institutional investments in spot Ethereum exchange-traded funds (ETFs). Monday witnessed ETFs tracking ETH shatter previous inflow records with over $1 billion entering the market, significantly exceeding the prior benchmark of $726.6 million.
The price of Ether surged to $4,500 during this influx, placing the cryptocurrency just 8% below its all-time high of $4,878. This substantial gain underscores heightened institutional activity and confidence in Ethereum’s market position.
BlackRock’s iShares Ethereum Trust ETF dominated the capital influx, attracting approximately $640 million on Monday alone. This unprecedented single-day contribution highlights growing institutional engagement with digital asset products.
Nine active ETH ETFs now collectively manage assets exceeding $10 billion, reflecting escalating institutional adoption across platforms. Market analysts note substantial Ethereum accumulation by major holders – commonly known as whales – indicating potential for sustained price momentum amid expanding ETF participation.