U.S.-listed spot exchange-traded funds tracking ether (ETH) saw record inflows and trading activity this week as investors reacted to advancing crypto legislation supported by President Trump. Nine spot ether ETFs in the U.S. received $2.18 billion in net inflows, with the largest daily inflow at $726.74 million on July 16.

Open interest in ether futures on CME hit a new high, indicating growing institutional interest in the cryptocurrency. The surge coincided with the signing of the GENIUS Act into law last week, which tightens regulations on yield-bearing stablecoins and promotes native ETH staking and transparent restaking vaults.

Ether’s price climbed over 20% in the past week, briefly surpassing $3,600 before a slight correction. As the weekend began, it settled at $3,560.

Read more at Yahoo Finance: Ether ETFs See Record $2.18B Weekly Inflow as ETH Rallies During ‘Crypto Week’