Ethereum Smashes $4,885 as Spot ETFs Pull in $20B — Institutions Pivot Away from Bitcoin
🔑 Key Takeaways Ethereum’s market cap jumped by $65B+ , with ETH hitting $4,885 . Spot ETH ETFs pulled in $20B+ , outpacing early BTC ETF flows. Corporate treasuries and asset managers now see ETH as a mainstream financial asset . CryptoQuibbler chart: Institutional inflows push Ethereum to $4,885 record high 🗞 Main Story Ethereum has reached record levels of $4,885 , fueled by a wave of institutional interest. In just one month, ETH’s market capitalization climbed by more than $65B, cementing its position not only as a smart-contract platform but as a mainstream financial asset . A key driver has been the surge in spot ETH ETF inflows , which have surpassed $20B since approval earlier this year. Major asset managers are marketing Ethereum exposure to clients, highlighting staking yields and DeFi integration. Corporates in fintech and even traditional industries like energy are disclosing ETH reserves as a hedge against inflation and an avenue for diversi...