Ethereum has recently created a huge stir in the investment world. Especially large investment institutions in the United States are now turning to Ethereum-based ETFs. As a result, not only has the market been excited, but the price of Ethereum has also seen a huge change.

[Src](https://unsplash.com/photos/logo-R4TRL6ASgkk)
The Ethereum Trust ‘iShares Ethereum Trust (ETHA)’ of the world-renowned investment firm BlackRock recently received an investment of about $489 million in a single day. This is the largest single-day achievement of this fund so far. Its transaction volume on the same day stood at about $1.8 billion, which shows how much interest has been created among institutional investors.
This excitement is not limited to BlackRock. Other Ethereum ETFs in the United States also received a total of $720 million in investments on that day, surpassing the previous record of $430 million. Fidelity’s FETH fund raised $113 million and Grayscale’s small trust raised $54 million—both of which are seen as their best days in recent history.
So far, Ethereum-based ETFs have held about 5 million ETH, or 4 percent of the total supply. The demand is so high that institutions are buying up 36 times faster than the rate at which new Ethereum is being created on the market. Not only that, but Ethereum investment funds have been receiving investments continuously for the past 12 weeks, with about $990 million in new money coming in last week alone.

[Src](https://unsplash.com/photos/graphical-user-interface-qQ-MxTsL88Q)
All of this has had an impact on the price of Ethereum. Most recently, ETH reached $3,420, its highest in six months. However, it has since fallen back to around $3,350. The price has risen by about 30 percent in two weeks, while Bitcoin has risen by only 8.5 percent.
Looking at these statistics, it is clear that interest in Ethereum is not only growing, but it is slowly establishing itself as an established investment vehicle. It is difficult to say how far its scope will go in the future, but one thing is certain - a new investment era centered around Ethereum has begun.
Posted using SteemMobile