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Ethereum Demand Hits Six-Month High on ETF Inflows and Corporate Accumulation

Regulatory milestones in Washington have strengthened investor confidence, driving Ethereum demand to six-month highs.

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Souvenir tokens representing cryptocurrency Bitcoin and the Ethereum network, with its native token ether, plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Sparks strike representation of cryptocurrency Bitcoin in this illustration taken November 24, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

Overview

  • Ethereum is trading in the $3,600 to $3,700 range, its highest level since January following a multi-day rally.
  • Spot Ethereum ETFs recorded a single-day net inflow of $726 million on Wednesday and have attracted over $2.3 billion in nine consecutive days of inflows.
  • Public companies including SharpLink Gaming and BitMine Immersion Technologies have amassed more than $1.7 billion in Ethereum treasuries, signaling growing institutional confidence.
  • The U.S. House passed the GENIUS Act to regulate stablecoins and the CLARITY Act to define digital asset oversight, marking the first federal crypto framework.
  • The total cryptocurrency market capitalization topped $4 trillion for the first time, with Bitcoin and Ethereum together accounting for over 70% of the value.