U.S.-listed spot Ethereum exchange-traded funds attracted about $1.02 billion of net subscriptions on Aug. 11, the largest single-day haul ever recorded for any crypto ETF, according to data compiled by Farside Investors and SoSo Value. The buying continued on Aug. 12 with a further $523.9 million, lifting five-day inflows to roughly $2.3 billion and extending the funds’ streak of net creations to six sessions. BlackRock’s iShares Ether vehicle led the latest surge with roughly $318 million on Aug. 12 after taking in $639 million the previous day, while Fidelity logged its biggest one-day total at about $277 million. Combined, the nine spot products now hold more than six million Ether—valued near $29 billion—equal to about 5 percent of the cryptocurrency’s circulating supply. The torrent of institutional money has fed directly into spot markets. Ether climbed past $4,600 for the first time since November 2021, leaving it less than 4 percent shy of its all-time high of $4,878. The rally briefly pushed Ethereum’s market capitalization to a record $578 billion, and futures open interest hit an unprecedented $30 billion, signaling heightened speculative activity. The shift stands in contrast to Bitcoin vehicles, which drew only about $66 million on Aug. 12. Since early July, Ethereum ETFs have out-gathered their Bitcoin counterparts by roughly $1.5 billion, underscoring growing investor preference for the largest smart-contract blockchain amid expanding use cases in decentralized finance and tokenized assets.