Ether ETFs See Record $2.18B Weekly Inflow as ETH Rallies

Description

U.S.-listed spot exchange-traded funds tracking ether (ETH) posted record inflows and trading activity over this past week, as investors seized on momentum from advancing crypto legislation backed by President Donald Trump. Over the week, the nine spot ether ETFs trading in the country saw $2.18 billion of net inflows, their largest figure since launching a year ago. July 16 saw $726.74 million, the largest daily net inflow for these funds, SoSoValue data shows. Open interest in ether futures on...