Ether Tops $4,000 as ETF Inflows, Treasury Demand Bolster Rally

Ether climbed past $4,000 for the first time since December, lifted by surging investor flows into spot exchange-traded funds and growing demand from companies building up stockpiles of the token on their balance sheets.

The second-largest cryptocurrency rose as much as 3.5% to $4,013 on Friday in New York before easing to about $3,965 as of noon. Ether is now up nearly 190% from its April low, fueled by record-breaking flows into funds directly investing in the token.