US spot Ether ETFs post new record inflow as altcoins pump
Powered by ChatGPTUS spot Ether exchange-traded funds clocked a new daily net inflow record of $717 million on Wednesday as altcoins rallied. BlackRock's ETHA saw a daily inflow record, contributing $489 million to the day’s results and Fidelity’s FETH fund saw the second-highest net inflow of $113 million, according to preliminary data. US spot Ether ETFs now collectively hold more than 5 million $ETH, accounting for more than 4% of the circulating supply. Prior to Wednesday’s results, the highest daily net inflow on record was recorded on Dec. 5, 2024, when US spot Ether ETFs clocked $428 million of net inflow, according to Farside Investors. In the past 24 hours, $6.74 million worth of $ETH was issued by the network, while US spot Ether ETFs bought nearly 107 times the issuance on Wednesday, according to Ultra Sound Money. This is a developing story, and further information will be added as it becomes available.