Ether Rallies Over 20% as Spot ETFs Log Record $2.18B Weekly Inflows
Ether (ETH) saw a strong rally this past week, climbing more than 20% to briefly surpass $3,600 before settling near $3,560. The price surge was driven by renewed institutional demand and bullish momentum surrounding recent crypto-focused legislation in the U.S.
U.S.-listed spot Ethereum ETFs recorded their highest weekly inflow on record, pulling in $2.18 billion — the most since their launch a year ago. July 16 alone accounted for $726.74 million in net inflows, according to data from SoSoValue, marking the largest single-day influx to date.
Adding to the bullish signals, CME’s ether futures open interest hit a new all-time high, further highlighting institutional appetite for the world’s second-largest cryptocurrency.
The legislative catalyst behind the surge was the signing of the GENIUS Act, a newly enacted law that introduces tighter regulations for yield-bearing stablecoins. Analysts say the bill could push corporate treasuries toward native ETH staking solutions and more transparent restaking protocols.
Despite a modest weekend correction, ETH remains firmly above the $3,500 level, suggesting continued strength amid rising ETF activity and expanding institutional exposure.

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