CMC News

$ETH #ETFs Record $729M Daily Inflows Near ATH

U.S. spot $ETH ETFs attracted $729.1 million in net inflows on Wednesday, marking their second-largest single-day inflows since launch. #BlackRock's ETHA led with $500.9 million, while Fidelity's FETH recorded $154.7 million.

$ETH climbed 2% to trade at $4,743, approaching its November 2021 all-time high of $4,878. The strong inflows followed record-setting flows of $1.02 billion earlier this week and $523.9 million on Tuesday.

#StandardChartered analysts revised their $ETH price target upward to $7,500 by year-end from their previous $4,000 estimate. The bank cited institutional buying, ETF activity, and evolving U.S. stablecoin policy as key drivers.

Meanwhile, spot $BTC ETFs recorded $86.9 million in net inflows on Wednesday as Bitcoin set a new all-time high above $124,000. Institutional demand continues driving both cryptocurrencies toward record territory.