The Block: $ETH rises above US$3,300 as spot Ethereum ETFs post record US$726 million in daily net inflows

Spot $ETH ETFs recorded US$726 million in net inflows in a single day, led by BlackRock. It marks the strongest daily inflow since launch.

Rachael Lucas, crypto analyst at $BTC Markets, said Ethereum is now being seen as a long-term institutional asset, with ETF holdings already accounting for 4% of its total market cap. She added that strong trading volume, capital rotation from Bitcoin, and bullish technical setups are driving the breakout and reinforcing institutional conviction.

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