US Ethereum Spot ETF Breaks New Record for New Inflows Amid Altcoin Rally

As altcoin bullishness continues, a US Ethereum (ETH) exchange-traded fund (ETF) sees $717 million inflows in a single day, setting a new record for the largest net inflows in history.
On the 16th (local time), BlackRock's ETHA ETF accounted for the largest inflow with $489 million, followed by Fidelity.
)'s FETH ETF followed with $113 million. This is a preliminary figure, and Farside
The previous record high was $428 million on December 5, 2024, according to Investors.
This brings the total number of ETH held by the US Ethereum spot ETFs to more than 5 million, which is more than 4% of the total circulation.
On the same day, it was revealed that the Ethereum network had newly issued $6.74 million in ETH,
The size of F's purchase was approximately 107 times the amount of the issuance, according to on-chain data platform Ultra Sound Money.
Such large inflows into physical ETFs are being interpreted as an indication that institutional demand for Ethereum continues to grow.