Ethereum ETFs Catch A Record-Breaking Wave
Main Idea
Spot Ethereum ETFs achieved a record-breaking 20-day streak of net inflows, with BlackRock's ETHA leading the surge, reflecting growing market confidence in Ethereum.
Key Points
1. Spot Ethereum ETFs recorded 20 consecutive days of net inflows, totaling $17 million on July 31, with BlackRock's ETHA contributing $18.2 million.
2. Grayscale's ETHE saw a $6.8 million outflow on the same day, while Fidelity's FETH added $5.62 million.
3. The total asset value under management for Ethereum ETFs reached $21.52 billion, accounting for 4.77% of Ethereum's market capitalization.
4. Investors shifting from Bitcoin to Ethereum contributed to the inflows, with Presto Research noting a pivot toward Ethereum after Bitcoin's mid-June surge.
5. Grayscale, Franklin Templeton, and Canary Capital submitted updated spot Solana ETF filings, potentially paving the way for other altcoin-based ETFs.
Description
Spot Ethereum ETFs logged 20 consecutive days of positive net inflows. The inflow streak has increased these ETFs' net asset value to $21.52 billion. Continue Reading: Ethereum ETFs Catch A Record-Breaking Wave The post Ethereum ETFs Catch A Record-Breaking Wave appeared first on COINTURK NEWS .
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