Ethereum ETFs see $729M in inflows, price nears all-time high

• US spot Ethereum exchange-traded funds drew $729.1 million in net inflows on Wednesday.
• BlackRock’s ETHA led with $500.9 million, followed by Fidelity’s FETH with $154.7 million.
• Standard Chartered’s Geoff Kendrick lifted his year-end ETH target to $7,500 from $4,000.

US spot Ethereum exchange-traded funds drew $729.1 million in net inflows on Wednesday, the second-largest single-day haul since launch.

BlackRock’s ETHA led with $500.9 million, followed by Fidelity’s FETH with $154.7 million, according to SoSoValue data.

Four other spot Ethereum ETFs also saw positive flows.

The latest surge follows record inflows of $1.02 billion on Monday and $523.9 million on Tuesday.

Over the past three days, Ethereum products have attracted more than $2 billion—nearly seven times the $330.9 million added to Bitcoin ETFs over the same period.

Wednesday’s ETH ETF inflows alone topped Bitcoin funds by more than eightfold, with BTC products taking in just $86.7 million.

Data from Farside Investors.

Ethereum’s rally has pushed its price up 2% in the past 24 hours to $4,775 as of early Thursday, within 4% of its November 2021 all-time high near $4,900, per CoinGecko.

The token is up more than 60% over the past month, triggering $127.4 million in short liquidations in the past 24 hours, according to CoinGlass.

Analyst raises price target to $7,500

Citing surging institutional demand, favourable regulation, and upcoming network upgrades, Standard Chartered’s Geoff Kendrick lifted his year-end ETH target to $7,500 from $4,000, and his end-2028 target to $25,000 from $7,500.

He expects Ethereum to continue outperforming Bitcoin, forecasting the ETH/BTC ratio to rise to 0.05 from the current 0.039.

Kendrick noted that ether treasury holdings and spot ETFs have acquired 3.8% of all ETH in circulation since early June—twice the fastest pace of comparable Bitcoin accumulation.

Ethereum has received a boost from the US GENIUS Act, passed in July, which supports mainstream stablecoin adoption.

More than half of all stablecoins are issued on Ethereum, accounting for 40% of blockchain fees, Kendrick said.

On the technical side, Ethereum developers are working to increase Layer 1 throughput by 10x, a move expected to support higher-value transactions and fuel the growth of Layer 2 ecosystems.