U.S. spot exchange-traded funds tracking Ether drew a record US$1.02 billion of net subscriptions on 11 August, the first time daily inflows have crossed the US$1 billion threshold. Data from SoSoValue and Farside Investors show the surge was led by BlackRock’s iShares Ethereum Trust, which attracted about US$640 million, while Fidelity’s fund added a personal-best US$276.9 million. Smaller issuers including Grayscale and VanEck also posted positive flows, lifting combined assets under management in the nine Ether funds to roughly US$23.4 billion, a 165% increase since the vehicles debuted last year. The day’s haul dwarfed the US$178 million absorbed by U.S. spot Bitcoin ETFs, underscoring a recent shift in investor preference toward the second-largest cryptocurrency. Ether products have now recorded 13 straight weeks of net inflows and took in about US$327 million during the week ended 8 August, edging out the US$247 million that went into Bitcoin funds over the same span. Across all digital-asset ETPs, CoinShares estimated net weekly inflows of US$572 million, with Ether and Bitcoin accounting for the bulk of demand. Persistent institutional buying has helped lift Ether’s price to around US$4,300, its highest level in nearly four years and roughly 45% above levels a month ago. Market participants say the combination of regulated ETF access, ongoing network upgrades and a broader risk-asset rebound is feeding appetite for the token even as Bitcoin continues its own recovery.