Ethereum ETFs Galvanize with Record Capital Influx
Main Idea
Spot Ethereum ETFs in the U.S. saw a significant net inflow of $533.9 million, with BlackRock's iShares Ethereum Trust leading, while Bitcoin ETFs experienced outflows, reflecting shifting investor interest towards Ethereum.
Key Points
1. Spot Ethereum ETFs recorded a net inflow of $533.9 million, with BlackRock's iShares Ethereum Trust attracting $426.2 million.
2. Grayscale Ethereum Mini Trust and Fidelity’s funds secured $72.6 million and $35 million respectively.
3. Spot Bitcoin ETFs faced outflows of $67.9 million on the same day, following a $131.3 million outflow the previous day.
4. Experts highlighted rising institutional interest in Ethereum, noting the capital shift from Bitcoin to Ethereum as significant.
5. SharpLink Gaming’s Ethereum treasury strategy indicates a growing corporate tendency to embrace ETH as a savings asset.
Description
Spot Ethereum ETFs in the US saw a significant inflow of $533.9 million. BlackRock’s fund led with an impressive $426.2 million inflow. Continue Reading: Ethereum ETFs Galvanize with Record Capital Influx The post Ethereum ETFs Galvanize with Record Capital Influx appeared first on COINTURK NEWS .
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