India, July 17 -- Buoyed by the strong corporate adoption and massive inflows to Ethereum Spot ETF products in the U.S., Ethereum surged ahead in the past 24 hours. The leading alternate coin has erased all year-to-date losses and is currently trading with year-to-date gains of close to 4 percent. Bitcoin's performance in the past 24 hours has been muted, with overnight losses of more than half a percent.
Ethereum-based Spot ETF products in the U.S. witnessed inflows jumping to $727 million on Wednesday from $192 million on Tuesday and $259 million on Monday. iShares Ethereum Trust ETF (ETHA) dominated with inflows of $499 million.
Ethereum surged 9.76 percent overnight to trade at $3,458. Ether has added 24 percent in the past week. Ethe...