Ethereum exchange-traded funds (ETFs) saw an unprecedented $726 million in net inflows on a single day, marking their highest inflow ever and coinciding with a significant rise in Ethereum's price. The funds experienced a streak of nine days of consecutive inflows, totaling $2.3 billion since July 3. The current price of Ethereum is just below $3,500, reflecting a 23% increase over the last week, attributed to growing interest from treasury firms and institutional investors. Notably, BitMine Immersion added $500 million in Ethereum to its holdings. The enthusiasm for Ethereum is further heightened by the anticipation of the GENIUS Act's passage, which is expected to enhance Ethereum's role as a primary platform for stablecoin transactions. Additionally, BlackRock is seeking to include staking options in its iShares Ethereum Trust, which could bolster its appeal to mainstream investors. The momentum for ETFs mirrors the enthusiasm earlier seen in Bitcoin funds, suggesting an evolving landscape in the crypto investment sphere.

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