Wall Street recognizes Ethereum, with a single-day capital inflow exceeding $1 billion

ChainCatcher news, according to Jinshi reports, as the second-largest cryptocurrency Ethereum rises to its highest level in nearly four years, U.S. exchange-traded funds focused on Ethereum have recorded the largest single-day inflow of funds. On Monday, spot Ethereum ETFs attracted just over $1 billion in inflows. So far this year, the total inflow for these 9 funds has exceeded $8.2 billion. The research director of quantitative trading firm Presto stated that the recently passed stablecoin legislation and the speech by the chairman of the U.S. Securities and Exchange Commission regarding cryptocurrency plans indicate that the Ethereum blockchain is ready to gain recognition on Wall Street.