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The US Ether ETF set a new single-day inflow record, with token prices climbing to near four-year highs.
[Coin World] As the second largest cryptocurrency, Ether, climbs to its highest level in nearly four years, U.S. exchange-traded funds focused on Ether have recorded the largest single-day inflow of funds. Data shows that on Monday, spot Ether ETFs attracted just over $1 billion in inflows. This year, the total inflow for these nine funds has surpassed $8.2 billion. It has proven that the "Treasury Company" focused on Ether is a significant driving force behind the rise of this token. These listed companies are continually expanding their digital asset reserves. According to data compiled by data platforms, the so-called "Digital Asset Treasury Companies (DATs)" have so far absorbed Ether worth over $15 billion. Peter, the research director at quantitative trading firm Presto, stated: "Recent stablecoin legislation passed and the U.S. SEC chairman's speech on cryptocurrency plans indicate that the Ethereum blockchain behind Ether is ready to gain recognition on Wall Street."