US spot Ethereum ETFs recorded a net inflow of $533.9 million on Tuesday, the third-highest single-day figure since their launch, according to data from SoSoValue.
BlackRock's iShares Ethereum Trust (ETHA) led the way with inflows of $426.2 million, followed by Grayscale's Ethereum Mini Trust ($72.6 million) and Fidelity's ETF ($35 million).
Subscribe to our Telegram channel to get weekly short digests about events that shape the crypto world
This increase is only surpassed by last Wednesday's inflows of $726.7 million and Thursday's $602 million, indicating sustained institutional interest.
Analysts attribute this momentum to the changing dynamics of the cryptocurrency market.