U.S.-listed spot exchange-traded funds tracking ether (ETH) posted record inflows and trading activity over this past week, as investors seized on momentum from advancing crypto legislation backed by President Donald Trump.
Over the week, the nine spot ether ETFs trading in the country saw $2.18 billion of net inflows, their largest figure since launching a year ago.
July 16 saw $726.74 million, the largest daily net inflow for these funds, SoSoValue data shows.
Open interest in ether futures on CME also reached a new high, suggesting a growing institutional appetite for the second-largest cryptocurrency.
The surge came as the GENIUS Act was signed into law last week.
It tightens rules for yield-bearing stablecoins, and to some analysts, it nudges treasuries toward native ETH staking and transparent restaking vaults.
The price of ether rose more than 20% in the past seven days to briefly top the $3,600 mark before enduring a slight correction as the weekend started.
It’s now at $3,560..
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