Ethereum ETFs Set Daily Record With $726 Million in Investments as ETH Soars
2025-07-17 21:56:51
Main Idea
Ethereum exchange-traded funds (ETFs) have seen significant investment inflows, with Ethereum's price reaching its highest level since January, driven by institutional interest and optimism around the GENIUS Act.
Key Points
1. Ethereum ETFs generated over $726 million in investments, with a total of $2.3 billion netted over nine days of inflows.
2. Ethereum's price surged 23% in seven days, trading just below $3,500, marking its highest level since January.
3. BitMine Immersion added $500 million in ETH to its holdings, surpassing $1 billion, while SharpLink Gaming bought $225 million worth of Ethereum.
4. The GENIUS Act is expected to boost Ethereum's utility, particularly for stablecoin transactions, with analysts noting ETH stands to benefit more than BTC.
5. Spot Ethereum funds now manage nearly $14 billion in assets, with BlackRock's iShares Ethereum Trust (ETHA) filing for a rule change to expand its offerings.
Description
The nine spot Ethereum ETFs generated more than $726 million in investments on Wednesday as ETH's price rose to its highest level in months.
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