TechFlow, August 12 — According to Jinshi Data, as the second-largest cryptocurrency ether surged to its highest level in nearly four years, U.S.-based ether-focused exchange-traded funds recorded their largest single-day capital inflow. Data showed that on Monday, spot ether ETFs collectively attracted over $1 billion in inflows. So far this year, total inflows into these nine funds have exceeded $8.2 billion. "Treasury corporations" focused on ether have proven to be a significant driving force behind the token's rally. These publicly traded companies continue expanding their digital asset holdings. According to data compiled by Strategic EthReserve.xyz, so-called "digital asset treasury companies (DATs)" have so far acquired ether worth more than $15 billion. Peter, research director at quantitative trading firm Presto, said: "Recent stablecoin legislation and the U.S. Securities and Exchange Commission chair's speech on cryptocurrency initiatives both indicate that Ethereum—the blockchain underlying ether—is poised for Wall Street acceptance."
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