Lucía Peña
Ethereum (ETH) has climbed past the $3,000 mark for the first time in over five months, driven by renewed enthusiasm across the digital asset space as Bitcoin continues to reach fresh all-time highs.
The last time Ethereum traded above this level was on February 2, following a sharp decline from December’s peak of $4,100 to an April low of approximately $1,387, a drop triggered by geopolitical tensions tied to former President Trump’s so-called “Liberation Day” tariffs.
Despite the recent surge, ETH is still trading nearly 38% below its all-time high of $4,878, recorded in November 2021. At the time of writing, Ethereum is priced at $3,024, reflecting an 8.9% gain over the last 24 hours, according to PRIME’s Ethereum price page.
BlackRock’s ETH ETF Smashes Daily Inflow Record
Investor demand for Ethereum is also heating up through institutional channels. BlackRock’s ETHA spot Ethereum ETF saw a record $300.9 million in net inflows on Thursday, just as ETH was approaching the $3,000 level again.
This marks a five-day inflow streak totaling $623.4 million, beating its prior daily record of $292.7 million, set on December 5, 2024.
U.S.-based Ethereum ETFs collectively brought in $383.1 million in net inflows on the same day. Other major contributors include:
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Fidelity’s FETH: $37.3 million
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Grayscale’s ETH and ETHE: $20.7M and $18.9M
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Bitwise’s ETHW: $3.2 million
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VanEck’s ETHV: $2.1 million
The rest of the funds reported zero daily flows.
Analysts See Momentum Continuing
“We have a new daily inflow record for the iShares Ethereum ETF — $300+ million,” noted Nate Geraci, president of NovaDius Wealth Management, formerly The ETF Store. He added that it marked the second-best day for Ethereum ETFs overall since their U.S. launch in July 2024. The current all-time record stands at $428.5 million, also set on December 5, 2024.
Reacting to the data, Bloomberg ETF analyst Eric Balchunas commented, “Called it,” pointing out he had already anticipated heavy flows after ETHA broke $800 million in daily trading volume on both Wednesday and Thursday.
Bitcoin ETFs See Similar Inflow Spike
In parallel, U.S. spot Bitcoin ETFs pulled in $1.18 billion on Thursday — their second-highest single-day inflow since launch — as Bitcoin continued climbing past the $118,000 milestone.
