BlackRock’s iShares Ethereum Trust Drives Record $1 Billion Inflow, Indicating Growing Institutional Interest in Ethereum
Main Idea
U.S. spot Ethereum ETFs saw a record net inflow of approximately $1 billion on August 11, led by BlackRock’s iShares Ethereum Trust with $640 million, indicating growing institutional interest in Ethereum.
Key Points
1. BlackRock’s iShares Ethereum Trust led the inflows with $640 million, reflecting strong institutional confidence in Ethereum.
2. Other funds, such as Fidelity’s FETH, contributed significantly with $280 million in inflows.
3. The $1 billion inflow marked a historic day for digital assets, highlighting increased institutional interest in Ethereum-based investments.
Description
On August 11, U.S. spot Ethereum ETFs saw a record net inflow of approximately $1 billion, led by BlackRock’s iShares Ethereum Trust with $640 million. This indicates a significant increase
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