Ether Surges Past $3,600 as ETFs Attract Record $2.18B Inflows
Ethereum’s native token ETH extended its rally this week, climbing over 20% to briefly break above $3,600 before settling around $3,560 on Friday. The surge was fueled by unprecedented investor demand for U.S.-listed spot Ether ETFs, alongside favorable regulatory developments.
The nine spot ETH ETFs currently trading in the U.S. brought in a record $2.18 billion in net inflows over the past week — their largest since launching a year ago. July 16 marked a milestone day, with inflows hitting $726.74 million, according to data from SoSoValue.
Institutional interest is also showing up in derivatives markets. Open interest in Ether futures on the Chicago Mercantile Exchange (CME) hit a new all-time high, underscoring growing institutional confidence in Ethereum as a long-term asset.
The move comes on the heels of the GENIUS Act being signed into law by President Donald Trump. The legislation, which introduces stricter oversight on yield-bearing stablecoins, is seen by analysts as a potential catalyst for increased ETH staking and demand for decentralized, transparent yield products.
While ETH cooled slightly going into the weekend, the broader setup remains bullish — with both structural and speculative flows pointing to continued momentum in the weeks ahead.
