Key TakeawaysSecond-Biggest Inflows on Record: US spot Ether ETFs attracted $729 million on Wednesday, just behind Monday’s $1.02 billion record.ETH Nears $4,878 ATH: Ether traded at $4,744, within 3% of its November 2021 all-time high.Three-Day Total Tops $2.3B: Inflows over the last three days are up 8.5% from the previous weekly record.US spot Ether exchange-traded funds (ETFs) logged their second-largest daily inflows ever on Wednesday, as Ethereum’s price climbed toward a new all-time high.According to data from SoSoValue, spot Ether ETFs saw $729 million in net inflows, following Monday’s record-setting $1.02 billion. The figure is just 0.5% higher than the $727 million recorded on July 16, when ETH traded near $3,150.At the time of writing, Ether (ETH) was changing hands at $4,744, just 3% shy of its all-time high of $4,878 set on Nov. 21, 2021, according to CoinGecko.BlackRock, Fidelity Lead InflowsThe bulk of Wednesday’s inflows came from BlackRock’s iShares Ethereum ETF (ETHA), which drew over $500 million. The Fidelity Ethereum Fund (FETH) ranked second, adding $155 million.In total, spot Ether ETFs have seen $2.3 billion in inflows over the last three trading days — an 8.5% increase from the previous weekly record of $2.12 billion set between July 14–18.Record-Breaking Volume and Investor MomentumSpot Ether ETFs have now posted seven straight days of inflows, totaling $3.07 billion during this streak. Overall net inflows into Ether funds hit an all-time high of $12.1 billion on Wednesday, while total trading volumes also reached a record $4.5 billion.Last week’s inflows were just $270 million, underscoring the sharp surge in investor demand.“Ethereum FOMO Is Just Getting Started”Market observers suggest the rally — and inflows — could continue as ETH approaches its previous peak.“Ethereum FOMO is just getting started,” said crypto market commentator Ted Pillows in an X post on Thursday.Over the past seven days, ETH has gained nearly 29%, with analysts noting a feedback loop between rising prices and higher inflows.“The higher the price, the bigger the inflows,” wrote ZeroHedge on X.With ETH trading just below its all-time high and spot Ether ETFs smashing inflow records, institutional demand appears to be accelerating — setting the stage for potential new price milestones in the days ahead.
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