Ethereum News

Ethereum Moves Past Bank of America (BOA) As Daily Spot Ether ETF Records All Time High

Ethereum valuation soared to $327 billion with ETH overtaking Bank of America, Alibaba, amid surging Ether ETF inflows.
Published by
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.

Advertisement

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.

Source: Companies MarketCap
Advertisement

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.

Spot ETH ETF Surpass $100 million

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.

                                                                                      Source: ChatGpt, ETH ETF Demand up by 50% YTD

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.

Share
Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Bitcoin News

Bitcoin Treasuries Add Nearly $1B BTC This Week as Holdings Cross 1M BTC

This week, corporate Bitcoin treasuries exceeded 1 million BTC in total holdings. From September 1…

September 7, 2025
  • Bitcoin News

Peter Schiff Criticizes Bitcoin’s Performance Following Gold’s Rally To New ATH

Popular gold advocate Peter Schiff has criticized Bitcoin’s weakness against gold, calling it near bear…

September 7, 2025
  • Bitcoin News

Arkham Uncovers $5 Billion in Untouched Bitcoin From Germany’s Movie2K Seizure

Arkham Intelligence has identified 45,000 Bitcoin (BTC), valued at nearly $5 billion, that remains untouched…

September 7, 2025
  • 24/7 Cryptocurrency News

Ethereum Spot ETFs Record $447 Million in Outflows Amid Crypto Market Decline

Ethereum ETFs faced a sharp investor pullback this week, shedding nearly half a billion dollars…

September 6, 2025
  • 24/7 Cryptocurrency News

World Liberty Financial Discloses Reason for Blacklisting 272 Wallets

World Liberty Financial (WLFI) has confirmed that it blacklisted 272 wallets and explained why it…

September 6, 2025
  • 24/7 Cryptocurrency News

September 50 BPS Fed Rate Cut Odds Climb Ahead of CPI, PPI Data

Traders are beginning to price in the possibility of a 50 basis points (bps) Fed…

September 6, 2025