US spot Ethereum ETFs reached two major milestones Monday – crossing $1 billion in single-day inflows for the first time while pushing cumulative totals past $10 billion ($10.83B).
The explosive demand comes just seven months after launch, with May-through-present inflows now exceeding $8 billion.
BlackRock’s market-leading ETHA product absorbed $639.8 million of Monday’s $1.02 billion total, while Fidelity’s FETH set its personal best at $277 million.
Analysts attribute the surge to Ethereum’s strengthening position at the intersection of decentralized finance and institutional crypto adoption.
