The strength in Ethereum has extended to the broader altcoin market.
\nThe token had touched an intraday high of $3,463 earlier in the day.
\nThe rally came as nine US-listed spot Ethereum ETFs saw their largest combined daily net inflow on record Wednesday.<\/p>\n
Ethereum rallied sharply over the past 24 hours, breaking above $3,400 for the first time since mid-January as record inflows into spot Ether exchange-traded funds (ETFs) and rising institutional accumulation reinforced bullish sentiment.<\/p>\n
Ether was trading at $3,436 early Thursday, up 8.4% in the past 24 hours.<\/p>\n
The token had touched an intraday high of $3,463 earlier in the day.<\/p>\n
The rally came as nine US-listed spot Ethereum ETFs saw their largest combined daily net inflow on record Wednesday, totalling $726.74 million, according to data from Farside Investors.<\/p>\n
BlackRock\u2019s iShares Ethereum Trust (ETHA) led the inflows with $499 million, followed by Fidelity\u2019s FETH with $113 million.<\/p>\n
That total surpasses the previous record of $428 million set on December 5, 2024 \u2014 a nearly 70% jump.<\/p>\n
The surge in buying pushed total net inflows for July to $2.27 billion, making it the best month since the ETFs were launched a year ago.<\/p>\n
US spot Ether ETFs now collectively hold over 5 million ETH \u2014 more than 4% of the circulating supply.<\/p>\n
On Wednesday alone, ETFs absorbed nearly 107 times the ETH issued by the network, according to Ultra Sound Money.<\/p>\n
Institutional interest is also being reflected in direct ETH holdings by corporate treasuries.<\/p>\n
Strategic ETH Reserve data shows that treasuries now hold over $5.33 billion in ETH, equivalent to 1.33% of the total supply.<\/p>\n
Over $1.6 billion worth of ETH was added by corporations in June alone.<\/p>\n
One of the most aggressive buyers has been SharpLink Gaming, which purchased an additional $68 million worth of ETH in the past 24 hours.<\/p>\n
Over the last eight days, the firm has acquired $343 million in ETH, according to blockchain analytics platform Lookonchain.<\/p>\n
Separately, World Liberty Financial \u2014 a firm linked to US President Donald Trump \u2014 added another $5 million in ETH on Wednesday at a price of $3,266, above its historical average purchase range from November 2024 to March 2025.<\/p>\n
BitMine Immersion Technologies, chaired by Fundstrat\u2019s Tom Lee, disclosed that its ETH holdings have now exceeded $500 million.<\/p>\n
The strength in Ethereum has extended to the broader altcoin market, with several tokens recording gains amid renewed risk appetite in crypto.<\/p>\n
The current momentum in ETH \u2014 driven by a mix of spot ETF demand, treasury accumulation, and supply absorption \u2014 has positioned the asset for further upside, provided market conditions remain favorable.<\/p>\n
In the past 24 hours, several major altcoins have outperformed Bitcoin, which posted a modest gain of just 0.7%.<\/p>\n
XRP was one of the leaders of the rally with a sharp 7.6% rise, followed by Dogecoin, which climbed 6.9%.<\/p>\n
Solana advanced 5.2%, BNB gained 3.4%, Tron rose 3.2%, and Cardano added 3.5%.<\/p>\n
The post Ethereum price hits its six-month high on record ETF inflows<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The strength in Ethereum has extended to the broader altcoin market. The token had touched an intraday high of $3,463 earlier in the day. The rally came as nine US-listed spot Ethereum ETFs saw their largest combined daily net inflow on record Wednesday. Ethereum rallied sharply over the past 24 hours, breaking above $3,400 for […]<\/p>\n","protected":false},"author":0,"featured_media":4266,"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-4265","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\/4265","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=4265"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/4265\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/4266"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=4265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=4265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=4265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}