Ethereum Moves Past Bank of America (BOA) As Daily Spot Ether ETF Records All Time High
Highlights
- Ethereum rally has helped it overtake several global giants like Nestle and Alibaba.
- Over the past 15 days, ETH has added $100 billion to its market cap, driven by a sharp recovery.
- Spot Ether ETFs have attracted over $100 million in inflows, with Grayscale and Fidelity leading contributions.
Ethereum has surpassed Bank of America (BoA) in marketcap as its valuation soar to $327 billion earlier today. This rise in valuation was led by inflows into spot Ether ETFs surging above $100 million.
Ethereum Becomes 31st Largest Asset Globally
Over the last 15 days, Ethereum has added a massive $100 billion to its market cap in a quick recovery from the lows of $1,800 to $2,700. In this journey, the altcoin has overtaken top giants like Nestle, Alibaba, Coca-Cola, and now BoA. The top crypto Bitcoin also recently surpasses Amazon to become the fifth largest asset in the world.
Spot Ether ETF Inflows Closes Day at $110.54 Million
Spot ETH ETFs maintained a net inflow this week with demand peaking on Thursday. Data from Farside Investors shows that inflows into spot Ether ETFs surged past $100 million for the first time in a month. The key contributors to yesterday’s inflows were Grayscale Ether ETF at $43.7 million followed by Fidelity FETH at $42.2 million, while Grayscale mini-Ether ETF saw inflows at $18.7 million. The total inflow was recorded at $110.54 million across all the issuers.
The total monthly inflow is up by nearly 49% YTD showing a sharp increase in demand for ETH ETF products. The trend looks very bullish for holders and investors. As seen in chart below, the demand in demand in May has already surpassed previous best of January with a few more days of active trading left.
But, not all is well for Ethereum ETFs as US SEC yesterday delayed staking ETF application by 21shares. It is worth noting that investors can already trade Ethereum Futures ETF at CME.
- US Shutdown: Bitcoin, Gold, and Silver Rally as Govt. Shutdown Odds Jump to 85% on Polymarket
- SEC Halts Trading In Solana Treasury Stock QMMM After Share Price Surges 959%- Market Manipulation?
- BREAKING: BlackRock Amends Bitcoin ETF (IBIT), Ethereum ETF (ETHA) Amid New Milestone
- Bloomberg Analyst Says XRP ETF Approval Odds Now 100% as Expert Eyes $33 Rally
- Hester Peirce Says US SEC Willing to Foster DePIN and RWA Tokenization Projects
- Dogecoin Price Prediction – Chart Set-Up Highlights Perfect Buying Opportunity With Outflows Backing $0.45
- Bitcoin Price Set to Rebound Ahead of US Government Shutdown, NFP Data
- XRP Price Prediction: How XRP Could React After October 2025 SEC ETF Decisions
- Aster Price Prediction as US President Adds $110M Worth of Tokens to His Portfolio
- Pepe Coin Price Bounce Likely as Support Zone Aligns With Rising Social Activity
- Solana Price Set for Recovery Amid Wyckoff Accumulation and Canary Capital ETF Filing
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
