Ethereum (ETH) surged past $3,000 for the first time in five months, gaining nearly 9% in 24 hours.
\nBlackRock\u2019s ETHA ETF posted record daily inflows of $300.9 million, leading a $383.1 million day for U.S. spot ETH ETFs.
\nSharpLink Gaming purchased 10,000 ETH from the Ethereum Foundation, boosting its treasury to over $550 million.<\/p>\n
Ethereum (ETH), the world\u2019s second-largest cryptocurrency by market capitalization, has reclaimed the $3,000 mark for the first time in five months, buoyed by bullish momentum across the broader crypto market.<\/p>\n
The token is currently trading at $3,055, up nearly 8% in the past 24 hours.<\/p>\n
ETH last traded above $3,000 on February 2, before undergoing a sharp correction that saw it fall to as low as $1,387 in April.<\/p>\n
That decline followed heightened market uncertainty surrounding former President Donald Trump\u2019s \u201cLiberation Day\u201d tariff announcement.<\/p>\n
While Ethereum\u2019s recovery has been notable, it still trails Bitcoin\u2019s (BTC) performance and remains about 38% below its all-time high of $4,878 set in November 2021.<\/p>\n
In contrast, BTC recently reached new record highs<\/a>, helping to lift the entire cryptocurrency sector.<\/p>\n A major driver behind ETH\u2019s recent surge is renewed institutional interest, particularly via spot Ethereum exchange-traded funds (ETFs).<\/p>\n BlackRock\u2019s iShares Ethereum ETF (ETHA) saw a record-breaking $300.9 million in net daily inflows on Thursday as ETH neared the $3,000 threshold.<\/p>\n That marked the fund\u2019s strongest day since its launch and pushed its five-day inflow total to $623.4 million.<\/p>\n The previous record stood at $292.7 million on December 5, 2024.<\/p>\n Overall, US-listed spot Ethereum ETFs brought in a combined $383.1 million in net inflows on Thursday.<\/p>\n Fidelity\u2019s FETH added $37.3 million, followed by Grayscale\u2019s ETH and ETHE with $20.7 million and $18.9 million, respectively.<\/p>\n Bitwise\u2019s ETHW and VanEck\u2019s ETHV recorded $3.2 million and $2.1 million in inflows.<\/p>\n \u201cWe have a new daily inflow record for iShares Ethereum ETF\u2026 $300+mil,\u201d noted Nate Geraci, president of NovaDius Wealth Management, on X (formerly Twitter).<\/p>\n Bloomberg Senior ETF analyst Eric Balchunas also highlighted that ETHA had logged record daily trading volumes of over $800 million on both Wednesday and Thursday, forecasting \u201cchunky\u201d inflow data, which the latest figures confirmed.<\/p>\n Further supporting Ethereum\u2019s bullish backdrop, Nasdaq-listed SharpLink Gaming (SBET) disclosed a significant over-the-counter ETH acquisition from the Ethereum Foundation.<\/p>\n The Minneapolis-based firm purchased 10,000 ETH for $25.7 million, executed at a price of $2,572.37 per coin on July 10.<\/p>\n This brings SharpLink\u2019s ETH holdings to approximately 215,634 coins, valued at around $558 million at current market prices.<\/p>\n The transaction positions SharpLink as the second-largest corporate holder of ether, with the company signaling ongoing support for the Ethereum ecosystem.<\/p>\n \u201cSharpLink is acquiring, staking, and restaking ETH as responsible industry stewards,\u201d said Chairman and Ethereum co-founder Joseph Lubin, emphasizing the firm\u2019s efforts to remove supply from circulation and strengthen the network\u2019s decentralization.<\/p>\n SharpLink began shifting its balance sheet toward ether in early June, financing the initiative through at-the-market share sales.<\/p>\n The company raised up to $425 million in a private placement led by Consensys, Lubin\u2019s crypto infrastructure firm.<\/p>\n While the Ethereum Foundation has previously sold ETH from its treasury, direct transactions with publicly listed companies are rare, making this deal a notable development in institutional crypto adoption.<\/p>\n\n The post Ethereum races past $3,000 for first time in 5 months amid ETF surge and treasury boost<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum (ETH) surged past $3,000 for the first time in five months, gaining nearly 9% in 24 hours. BlackRock\u2019s ETHA ETF posted record daily inflows of $300.9 million, leading a $383.1 million day for U.S. spot ETH ETFs. SharpLink Gaming purchased 10,000 ETH from the Ethereum Foundation, boosting its treasury to over $550 million. Ethereum […]<\/p>\n","protected":false},"author":0,"featured_media":4167,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[100],"tags":[],"class_list":{"0":"post-4166","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ethereum"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/4166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=4166"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/4166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/4167"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=4166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=4166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=4166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Record inflows into Ethereum ETFs<\/h2>\n
SharpLink deepens ETH treasury with foundation purchase<\/h2>\n