TechFlame news, on August 12, according to Gold10 Data, as the second-largest cryptocurrency Ether climbed to the highest level in nearly four years, US exchange-traded funds focused on Ether recorded the largest inflow of funds in a single day. On Monday, spot Ether ETFs collectively attracted slightly more than $1 billion in capital inflows, according to data. Since this year, the total capital inflow of these nine funds has exceeded 8.2 billion US dollars. As it turns out, “treasury companies” that focus on Ether are an important driving force behind the token's rise. These listed companies are continuously expanding their digital asset reserves. According to data compiled by Strategic EthReserve.xyz, so-called “digital asset treasury companies (DATS)” have absorbed more than $15 billion worth of ether so far. Peter, head of research at quantitative trading firm Presto, said, “The recently passed stablecoin legislation and the US Securities and Exchange Commission Chairman's speech on the cryptocurrency plan all show that the Ethereum blockchain behind Ether is ready to win recognition from Wall Street.