US spot Ether exchange-traded funds clocked a new daily net inflow record of $717 million on Wednesday as altcoins rallied.BlackRock's ETHA saw a daily inflow record, contributing $489 million to the days results and Fidelitys FETH fund saw the second-highest net inflow of $113 million, according to preliminary data.US spot Ether ETFs now collectively hold more than 5 million ETH, accounting for more than 4% of the circulating supply.Prior to Wednesdays results, the highest daily net inflow on record was recorded on Dec.
5, 2024, when US spot Ether ETFs clocked $428 million of net inflow, according to Farside Investors.In the past 24 hours, $6.74 million worth of ETH was issued by the network, while US spot Ether ETFs bought nearly 107 times the issuance on Wednesday, according to Ultra Sound Money.This is a developing story, and further information will be added as it becomes available.