Well, butter my biscuit and call me impressed! The US spot Ether ETFs are having a moment-nay, a full-blown extravaganza-as they rack up the second-biggest inflows on record. 🤑 Meanwhile, Ether (ETH) is strutting its stuff like it’s the belle of the crypto ball, flirting with all-time highs. Who needs romance when you’ve got numbers like these?
According to the wizards at SoSoValue, Ether funds gobbled up a cool $729 million on Wednesday, as ETH sashayed past $4,700 for the first time since November 2021. That’s right, folks-crypto is back, and it’s wearing its fanciest tuxedo. 🕴️
This isn’t just a one-hit wonder, either. It’s the second-largest daily inflow into spot Ether ETFs, following Monday’s jaw-dropping $1.02 billion. Because why stop at one record when you can have two? 🎉
And get this: the latest inflows are a mere 0.5% above the previous record of $727 million set on July 16, when ETH was lounging around $3,150. Talk about a glow-up! ✨
$2.3 Billion in Three Days? That’s Not a Rally-It’s a Heist! 💰
Wednesday’s windfall was led by BlackRock’s iShares Ethereum ETF (ETHA), which hoovered up over $500 million like it was going out of style. Fidelity’s Ethereum Fund (FETH) wasn’t far behind, raking in $155 million. Together, they’re the dynamic duo of the crypto world-Batman and Robin, but with more zeros in their bank accounts. 🦇
With these gains, spot Ether ETFs have now attracted a staggering $2.3 billion in inflows over the past three days. That’s an 8.5% jump from the previous weekly record of $2.12 billion set between July 14 and July 18. Someone call Guinness-we’ve got records to break! 🏆
Oh, and let’s not forget: this is a sharp uptick from the $270 million seen in spot Ether ETFs in the previous trading week. Seven consecutive days of inflows? That’s not a streak-it’s a tsunami. 🌊
By Wednesday, total net inflows in Ether funds hit a record $12.1 billion, while trading volumes soared to a high of $4.5 billion. If this keeps up, we’ll need a new word for “boom.” 💥
“Ethereum FOMO is Just Getting Started”-Or So Says the Crypto Oracle 🧙♂️
With Ether ETFs hitting new highs faster than a kid in a candy store, everyone’s betting this train isn’t stopping anytime soon. Crypto market observer Ted Pillows (yes, that’s his name) chimed in on X, declaring, “Ethereum FOMO is just getting started.” Well, Ted, if you say so-but can we get a crystal ball to confirm? 🔮
The ETH rally has been on fire, surging nearly 29% in the past seven days. As crypto analyst ZeroHedge put it, “The higher the price, the bigger the inflows.” Deep stuff, ZeroHedge. Almost as deep as your pockets, presumably. 🧠💼
At the time of writing, Ether was trading at $4,744, just 3% shy of its all-time high of $4,878 from November 21, 2021. Will it break the record? Place your bets now, folks-this is crypto, after all. 🎲
Read More
- Gold Rate Forecast
- Wrestler Marcus “Buff” Bagwell Undergoes Leg Amputation
- ENA PREDICTION. ENA cryptocurrency
- PS5’s ChinaJoy Booth Needs to Be Seen to Be Believed
- Microsoft is on track to become the second $4 trillion company by market cap, following NVIDIA — and mass layoffs
- AI-powered malware eludes Microsoft Defender’s security checks 8% of the time — with just 3 months of training and “reinforcement learning” for around $1,600
- xAI’s $300/month Grok 4, billed as a “maximally truth-seeking AI” — seemingly solicits Elon Musk’s opinion on controversial topics
- Anime’s Greatest Summer 2024 Shonen Hit Drops New Look Ahead of Season 2
- Lewis Capaldi Details “Mental Episode” That Led to Him “Convulsing”
- Minecraft lets you get the Lava Chicken song in-game — but it’s absurdly rare
2025-08-14 13:33