US spot Ether ETFs post new record inflow as altcoins pump

US spot Ether exchange-traded funds clocked a new daily net inflow record of $717 million on Wednesday as altcoins rallied.

BlackRock's ETHA saw a daily inflow record, contributing $489 million to the day’s results and Fidelity’s FETH fund saw the second-highest net inflow of $113 million, according to preliminary data.

US spot Ether ETFs now collectively hold more than 5 million ETH, accounting for more than 4% of the circulating supply.

Prior to Wednesday’s results, the highest daily net inflow on record was recorded on Dec. 5, 2024, when US spot Ether ETFs clocked $428 million of net inflow, according to Farside Investors.

In the past 24 hours, $6.74 million worth of ETH was issued by the network, while US spot Ether ETFs bought nearly 107 times the issuance on Wednesday, according to Ultra Sound Money.

This is a developing story, and further information will be added as it becomes available.